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URALSIB does, and seeks to do, business with the companies covered in its research reports. Consequently, investors should be aware that URALSIB may have a conflict of interest that could affect the objectivity of this report. This report should not be used as the only single factor governing investment decisions. Disclosures and analyst certifications are located at the end of the body of this report. © URALSIB Capital – Financial Services 2016

Wednesday, 27 January, 2016

Ruble Bond Market (average yield), %

8.0

10.0

12.0

14.0

16.0

18.0

28-Ja

n

19-M

ar

8-May

27-Ju

n

16-A

ug

5-Oct

24-N

ov

13-Ja

n

Corp Mun Sov

Eurobond Spreads, bps

150

200

250

300

350

26 N

ov

1 Dec

6 Dec

11 D

ec

16 D

ec

21 D

ec

26 D

ec31

Dec

5 Jan

10 Ja

n

15 Ja

n

20 Ja

n25

Jan 300

350

400

450

500

550

Russia 23 - US 10 (left axis)EMBI + Spread (right axis)

Money Market Indicators

RUB bln close 1 day 1 week 1 monthREPO with CBR outs. 1,198 63.6 29.5 (287) Corr Accounts 1,327 39.6 (418.5) (180.3) Deposits in CBR 315.1 13.5 (51.5) (128.7)

MOSPrime O/N, % 11.28 1 - 5

close 1 day 1 month YtD$ RUB 81.84 5.2 17.7 12.9 EUR RUB 88.89 5.6 16.9 11.7 RUB Basket 85.01 5.4 17.3 12.3

Change, RUB bln

Change, %

Change, bps

0

500

1,000

1,500

2,000

23 O

ct

16 N

ov

7 Dec

28 D

ec

68101214161820

Deposits, RUB, bln (left axis)CorrAccounts, RUB, bln (left axis)MOSPrime O/N, % (right axis)

Commodities

close 1 day 1 month YtDGold, $/oz 1,120 1.1 4.1 5.5 Brent, $/bbl 29.95 4.4 (17.9) (14.6) S&P Metals Ind. 929 2.3 (2.5) (3.4) S&P Agriculture Ind. 449 (0.0) (0.3) (0.2)

Change, %

Source: Bloomberg, URALSIB estimates

STRATEGY

EXTERNAL MARKETS

US macro data published yesterday proved to be quite strong. That potentially may be reflected in today’s FOMC statement, i.e. the chances of the Fed rate being increased at the next meeting in March. Oil prices remain volatile; another strong build-up of oil inventories in the US would add to the pressure on prices. Trading got off to weak start yesterday, but losses were quickly recouped as oil prices surged. In the corporate segment we recommend convertible bonds of Yandex. page 2

DOMESTIC MARKETS

The finance ministry decided to cool down Ruonia floaters with a large placement. In the corporate segment, we draw the attention of investors to short-term bonds of VTB. page 3

MONEY MARKET

The CBR raised the limit for the weekly ruble repo, but we still treat its monetary policy as quite austere. page 4

NEWS IN BRIEF

Russian Helicopters book-built yesterday for one hour for the RUB10 bln CP-01 issue. The bond matures in ten years and has no put attached. The first coupon was set at 11.9%. The paper is scheduled to be placed on the exchange tomorrow. Source: Company

RUSSIAN INFORMER For news and comments on the Russian equity market see the Russian Informer.

Fixed Income Daily

Tel.: +7 (495) 723-7020 | E-mail: [email protected]

2

External markets US data published yesterday show improvement in consumer confidence. Key data releases from the US published yester-day turned out to be quite strong: the consumer confidence index increased to 98.1 points while the consensus forecast was only 96 points, S&P Case-Shiller HPI also showed price gains above expectations. In addition, the FHFA House Price Index also pub-lished yesterday matched the expectations of the market. Annual price growth on the US housing market is only marginally lower than 6%, which gives hope for inflation growth and also indicates that US households are quite confident about future earnings. There is some chance that this optimism will be reflected in the final statement of the FOMC meeting which ends today. At the same time, we would like to reiterate that the FOMC is likely to leave the Fed rate unchanged.

Oil prices remain extremely volatile. API data published yesterday showed another strong build of oil inventories over the past week: crude oil stock increased by 11.4 mln barrels. Despite the recent sharp oil-price decline, there are no signs that US oil ex-traction is falling. Today EIA is to publish its estimates on oil inventories, the consensus forecast for the stock build-up currently stands at 3.5 mln bbl. This implies that the chance of substantial oil-price recovery in the near future is slim.

Long-dated sovereigns added more than 1 ppt of par yesterday. Our expectation that the prices of Russian assets would drop yesterday in response Monday’s sharp decline in oil did not quite work out, albeit prices did fall almost 0.5 ppt of par at the start of trading. However, by midday Brent began to rise sharply and the price of a barrel grew from $29.5 to $32.5, rallying Rus-sian Eurobond prices in the process. The sharp oil price rise lead to Russian sovereigns quickly recouping the morning’s losses: Russia’42 (YTM 6.1%) and Russia’43 (YTM 6.2%), finished the day 1.3 ppt of par higher. The prices of shorted-dated sover-eigns traded at around 0.5 ppt of par. Despite substantial price growth along the sovereign curve, Russia’s five-year CDS spread decreased only 5 bps to 345 bps. The 10 UST changed little yesterday, closing at 1.99% vs. 2% on Monday.

Gazprom Neft papers were the favorite. It is no surprise that oil and gas papers were the favorite yesterday. The best per-formance was shown along the Gazprom Neft curve: its long-term papers added more than 1 ppt of par. Lukoil and Gazprom papers added 0.5 ppt of par. First-tier bank bonds grew 0.3 ppt in price on average, but quotes of SBERRU’23 (YTM 7.6%) were up 1 ppt of par. In the second tier, VimpelCom Eurobonds were the best performers: VIP’22 (YTM 7.5%) added 1 ppt of par and VIP’23 (YTM 7.4%) grew 1.3 ppt of par in price. The external background is mostly negative today as US stock market futures are slightly down, but Asian markets except China, are up. Oil prices are correcting after yesterday’s growth.

In the corporate segment we recommend convertible bonds of Yandex. YNDX’18 is trading at 86% of par, which corre-sponds to a yield of 6.5% and a spread of 545 bps over US Treasuries. In other words, this paper with a coupon rate of 1.125% is currently valued as an ordinary bond, without any account for the value of the embedded call option on Yandex stock. True, the option is far out of the money: the conversion price is $51.45, while the current share price is $12.4. Nevertheless, any growth in Yandex stock in the next couple of years will be pushing up the price of convertible bond, while the bond downside is limited by the fact that the paper already has substantial yield. The company’s debt consists of the bond issue in question, its amount out-standing is now $445 mln. Our expectation for Yandex’s 2015 EBITDA is $325 mln, thus the ratio of debt/EBITDA is seen at 1.3. At the same time, according to 3Q financials, the amount of cash and equivalents on Yandex’s balance sheet stood at $576 mln, so the net debt of Yandex has a very good chance of turning negative as of end-2015.

Irina Lebedeva, CFA, [email protected] Olga Sterina, [email protected]

Dmitry Dudkin, CFA, [email protected]

STRATEGY

3

Domestic markets MinFin decides to cool down Ruonia floaters with a large placement. At today’s auctions the finance ministry will offer RUB16 bln of OFZ 29006 (due January 2025) and RUB14 bln of OFZ 29011 (due January 2020). Both papers are Ruonia-linked floaters. In our view, it is a good idea: all outstanding Ruonia linkers have long been trading notably above par, which we re-garded unjustified. Now these valuations will have to stand a serious supply test. OFZ 29011 traded at 102.6% of par yesterday, OFZ 29006 – at 102.9% of par. We do not recommend taking part in today’s auctions unless there is a chance of buying the papers below 101% of par, as only close to nominal value will OFZ 29011 and 29006 be equally attractive with the inflation-linked OFZ 52001. The latter traded yesterday at 99%. As for the rest of the OFZ curve, most fixed-coupon bonds were yesterday basically unchanged. The curve remains horizontal at 10.5% starting from duration of 1.5 years. The yield at the far end climbed roughly 1 ppt in the past few trading weeks, and all we need for re-issuing our Buy recommendation for long fixed-coupon bonds is more certainty that the oil price will not continue its decline. Clearly, such certainty is almost impossible to have nowadays, but with every new oil price low it is becoming more difficult to find additional negative factors that could justify further extension of the downward trend.

In the corporate segment, we draw the attention of investors to short-term bonds of VTB. The bank is controlled by the Russian government, and it is rated BB+/Ba1 by S&P and Moody’s. The bonds of VTB are accounted for on the balance sheets of banks with low risk coefficients. VTB’s financials are gradually recovering after the tough 1H15. 3Q profit was RUB41.5 bln com-pared to RUB26.3 bln a quarter earlier, the net interest margin expanded to 1.05% from 0.9%. In July last year, the bank was capitalized by the state with the amount of RUB307 bln using the OFZ recapitalization mechanism, so VTB’s capital adequacy rose to 15.3%, which also takes into account expansion of assets by 12.4% in 3Q. On the ruble market, one of the most liquid papers of VTB is currently series CP26, trading at 11.65% for 5 months.


4

CBR raises the limit for the weekly ruble repo The CBR raised the limit for the weekly ruble repo by RUB150 bln. The CBR raised the limit for the weekly ruble repo for the first time since the beginning of the year. It should be noted that we do not treat this increase as a switch to milder monetary pol-icy as it was quite moderate taking into account the large tax payments. The weighted average auction rate stayed almost un-changed relative to the previous week and is at a high since last August, when the key rate was last lowered. The CBR is evidently reluctant to cut the lending cost for banks, which leaves no chance for the key rate to be raised at the CBR’s meeting on Friday.

External debt repayments up almost $5 bln for 1Q16 but shouldn’t influence the ruble. Yesterday the CBR published an updated version of external debt repayment schedule. The estimate for the first three months of this year has been raised but that does not necessarily translate to significantly higher demand for foreign currency from the corporate sector: in 1Q16, the corpo-rate sector and banks are set to repay a total $21 bln of which $8.6 bln is owed to direct investors. In addition, we believe this debt can be partially refinanced. The first quarter is usually quite comfortable for the domestic FX market; if oil prices stay close to their current levels, the ruble may slightly appreciate in February–March.

CBR One-Week REPO Auction Results, RUB bln and WA Rate Spread Over Key Rate, bps

Source; CBR

500

1,000

1,500

2,000

2,500

3,000

13 ян

в 15

10 фев

15

10 мар

15

7 апр

15

5 май

15

2 июн

15

30 ию

н 15

28 ию

л 15

25 ав

г 15

22 се

н 15

20 ок

т 15

17 но

я 15

15 дек

15

19 ян

в 16 0

102030405060708090100CBR limit Demand Actually placed Spread over key rate, bp

Irina Lebedeva, CFA, [email protected]

MONEY MARKET

5

Money market

28 January Profit tax

29 January CBR interest rate meeting

1-February 28 days FX REPO auction

2-February 1 week RUB repo auction

2-February 1 week FX repo auction

8-February 3 mo credit auction backed by non-traded assets





15-February Excise tax, Social payments






25-February VAT payment, excise tax, mineral extraction tax


29-February Profit tax

UPCOMING EVENTS

Issuer Rating(S&P/M/F)

Accountingperiod

Revenues,$ mln*

EBITDA,$ mln*

EBITDA, %*

Capex,$ mln*

CFO/capex*

Debt,$ mln

Debt/ EBITDA

Net debt/ EBITDA

Cash/short-term

debt

Short-term debt/debt

Equity/assets Sector

Federal Grid Co. BB+/Ba1/BBB- 6M15 3 486 2 100 60.2 1 756 1.0 5 313 2.9 2.5 1.4 0.11 0.61 UtilitiesMOESK BB-/Ba2/BB+ 6M15 2 658 755 28.4 964 0.7 1 409 2.1 1.9 0.3 0.30 0.51 UtilitiesEuroChem BB//BB 9M15 4 636 1 752 37.8 1 000 1.1 3 508 2.0 1.7 0.7 0.25 0.28 ChemicalsPhosagro BBB-/Ba1/BB+ 9M15 3 147 1 292 41.1 708 1.4 1 861 1.7 1.3 1.0 0.21 0.30 ChemicalsSibur Holding /Ba1/BB+ 6M15 7 598 2 146 28.2 1 527 1.8 4 576 2.4 2.2 0.2 0.37 0.42 ChemicalsUralkali BB-/Ba2/BB- 6M15 3 396 1 950 57.4 255 6.6 6 033 3.1 1.8 3.4 0.12 0.24 ChemicalsLSR Group /B2/B 6M15 2 037 436 21.4 42 8.1 465 1.1 0.3 1.9 0.40 0.30 ConstructionSSMO LenSpecSm B+// 6M15 983 278 28.3 8 (5.3) 262 1.2 0.7 2.1 0.22 0.52 ConstructionAlrosa BB-/Ba2/BB 9M15 4 128 2 107 51.0 650 2.7 3 201 1.8 1.5 0.9 0.16 0.36 Metals & MiningEvraz plc BB-/Ba3/BB- 6M15 11 150 2 130 19.1 495 3.9 6 129 2.9 2.4 1.1 0.15 0.17 Metals & MiningKoks Kemerovo B/B2/B 6M15 1 123 301 26.8 155 2.0 857 3.2 3.0 0.1 0.74 0.20 Metals & MiningMechel // 9M15 4 649 797 17.1 137 2.6 6 490 8.1 8.1 0.0 0.99 -0.57 Metals & MiningMetalloinvest BB/Ba2/BB 6M15 5 271 1 686 32.0 507 2.6 4 207 2.5 2.2 1.3 0.10 0.31 Metals & MiningMMK /Ba3/BB+ 9M15 6 385 2 032 31.8 499 4.3 2 058 1.0 0.8 0.4 0.44 0.53 Metals & MiningNLMK BB+/Ba1/BBB- 9M15 8 714 1 742 20.0 415 3.3 2 441 1.4 1.1 0.7 0.30 0.61 Metals & MiningNord Gold /Ba3/BB- 9M15 1 124 525 46.7 227 1.7 952 1.8 1.1 31.1 0.01 0.44 Metals & MiningNorilsk Nickel BBB-/Ba1/BBB- 6M15 11 095 5 893 53.1 1 349 4.2 6 378 1.1 0.6 2.3 0.19 0.36 Metals & MiningPolyus Gold Int. BB+//BBB- 6M15 2 251 1 211 53.8 338 2.8 1 752 1.4 0.3 36.2 0.02 0.43 Metals & MiningRaspadskaya /B1/B+ 6M15 426 119 27.8 55 3.4 486 4.1 4.0 2.1 0.02 0.27 Metals & MiningUC RUSAL // 9M15 9 319 2 360 25.3 492 4.8 8 623 3.7 3.4 0.7 0.12 0.13 Metals & MiningSeverstal BB+/Ba1/BB+ 9M15 6 973 2 295 32.9 457 4.5 2 504 1.1 0.4 3.2 0.21 0.41 Metals & MiningSUEK /Ba3/ 2014 5 053 1 044 20.7 489 1.1 3 693 3.5 3.2 0.5 0.20 0.36 Metals & MiningTMK B+/B1/ 9M15 4 713 682 14.5 229 2.9 2 803 4.1 3.9 0.4 0.15 0.22 Metals & MiningAlliance Oil Co. // 6M15 4 623 817 17.7 429 1.4 2 181 4.2 3.8 0.4 0.23 0.30 Oil & GasBashneft /Ba1/BB+ 9M15 10 980 1 884 17.2 1 082 1.7 2 281 1.3 0.9 1.6 0.18 0.45 Oil & GasEurasia Drilling BB//BB 6M15 2 347 657 28.0 433 1.4 1 125 1.7 1.1 1.1 0.29 0.46 Oil & GasGazprom BB+/Ba1/BBB- 9M15 102 609 39 265 38.3 26 098 1.4 47 525 1.4 0.9 1.7 0.22 0.66 Oil & GasGazprom Neft BB+/Ba1/BBB- 9M15 27 173 5 231 19.2 5 870 0.8 10 158 2.1 1.9 0.4 0.20 0.52 Oil & GasLukoil BBB-/Ba1/BBB- 9M15 98 225 13 968 14.2 11 165 1.2 12 975 0.9 0.6 2.9 0.11 0.76 Oil & GasNovatek BB+/Ba1/BBB- 9M15 7 665 2 691 35.1 1 293 1.7 4 430 1.9 1.7 0.3 0.40 0.51 Oil & GasRosneft BB+/Ba1/ 9M15 87 996 16 551 18.8 10 261 3.6 46 319 3.1 2.4 0.7 0.29 0.31 Oil & GasTransneft BB+/Ba1/ 9M15 14 148 6 523 46.1 6 032 1.0 12 215 2.2 1.8 1.3 0.14 0.57 Oil & GasLenta BB-/Ba3/BB- 6M15 4 566 510 11.2 777 0.5 1 290 3.0 2.5 0.7 0.23 0.22 RetailMagnit BB+// 6M15 17 896 2 030 11.3 1 317 1.0 1 763 0.9 0.8 0.2 0.60 0.44 RetailO'Key Group //B+ 6M15 3 179 233 7.3 353 0.5 621 3.1 3.0 0.1 0.43 0.30 RetailX5 Retail Group BB-/Ba3/BB 9M15 13 411 979 7.3 884 0.6 2 139 2.6 2.5 0.1 0.31 0.28 RetailAFK Sistema BB/B1/BB- 6M15 5 291 1 981 37.4 2 202 2.1 8 661 1.8 1.4 1.1 0.20 0.21 TelecomsMegaFon BB+/Ba1/BB+ 9M15 5 492 2 384 43.4 1 218 1.5 2 999 1.4 0.9 1.4 0.25 0.38 TelecomsMTS BB+/Ba1/BB+ 9M15 7 434 2 952 39.7 1 833 1.3 5 215 2.0 1.9 0.4 0.17 0.25 TelecomsRostelecom BB+//BBB- 9M15 5 183 1 711 33.0 1 214 1.3 2 912 2.0 1.8 0.1 0.44 0.45 TelecomsVimpelCom Ltd BB/Ba3/ 9M15 14 106 4 893 34.7 2 734 0.9 9 742 2.0 1.2 2.0 0.20 0.13 TelecomsAeroflot //B+ 9M15 6 821 763 11.2 443 1.7 2 948 4.1 3.5 0.6 0.25 -0.07 TransportationFesco B-//B- 9M15 818 142 17.3 25 6.7 921 6.5 6.0 0.7 0.10 -0.08 TransportationGlobaltrans /Ba3/BB 6M15 1 369 349 25.5 32 10.2 432 1.4 1.1 0.4 0.37 0.60 TransportationNCSP Group BB-/Ba3/ 9M15 863 605 70.0 86 1.4 1 588 2.6 2.1 1.2 0.16 0.15 TransportationRZhD BB+/Ba1/BBB- 6M15 38 522 6 862 17.8 8 145 0.8 16 725 2.7 2.4 0.8 0.15 0.55 TransportationSovcomflot BB+/Ba2/BB 9M15 1 089 500 45.9 530 0.9 47 0.1 0.1 1.5 0.09 0.50 TransportationTransaero // 6M15 2 439 neg neg 24 6.7 2 143 neg neg 0.0 0.57 -0.34 TransportationTranscontainer /Ba3/BB+ 9M15 709 91 12.8 33 1.8 87 1.0 0.6 1.5 0.31 0.74 TransportationRusHydro BB/Ba2/BB+ 9M15 12 004 1 366 11.4 1 672 0.7 3 348 2.9 2.3 0.5 0.40 0.64 Utilities

Fixed Income Daily 01/27/2016

Key Financials of Real Sector Companies on the Bond Market

* Trailing 12-monthIFRS/US GAAP

Issuer Ratings(S&P/M/F)

Assets,RUB mln

AssetsRank

Liquid assets/assets, %

Net loans/deposits

12-monthNIM, %

12-month ROAA, %

Quarterly net profit, RUB mln

NPL ratio,%

Provision ratio,

%

12-monthCost/

income

12-monthCOR, %

Equity/assets, %

Absolut Bank /B1/B+ 253 260 37 8.8 0.83 2.92 -0.49 -1 288 4.0 6.0 0.61 2.92 10.6AK Bars /B2/BB- 516 217 19 5.0 0.66 -0.04 -1.53 -3 594 2.9 7.6 0.96 2.78 8.1Alfa-Bank BB/Ba2/BB+ 1 886 120 7 7.0 0.98 3.56 2.00 46 167 9.0 15.3 0.21 8.70 11.1Asian-Pacific Bank /B2/B- 130 961 52 13.6 0.72 6.33 -0.57 -37 7.5 21.6 0.36 10.13 10.0Avangard /B2/ 120 323 57 19.5 0.88 6.15 1.87 352 3.8 17.2 0.47 4.68 14.0B&NBank B// 689 638 15 3.3 0.51 -0.85 0.42 2 366 3.9 3.8 0.43 3.17 4.5Bank BFA B// 91 655 70 8.3 0.70 1.28 -2.00 -647 4.3 6.9 2.12 2.68 9.1Bank of Moscow BB+/Ba2/ 1 515 535 9 4.2 0.81 3.17 -3.58 -15 124 31.8 20.9 0.28 11.21 6.8Bank St Petersburg /B1/BB- 519 854 17 6.3 0.92 3.73 0.61 623 3.0 7.6 0.37 3.44 9.4CB RIB /B3/ 36 331 127 5.8 0.94 3.59 0.18 -368 2.3 9.4 0.64 1.38 15.7Center-invest /B1/ 88 081 73 12.2 1.14 3.86 0.97 317 3.1 5.4 0.55 1.34 11.7Credit Europe /B1/BB- 130 589 53 3.4 1.95 8.46 1.67 878 7.2 14.3 0.44 3.59 12.3DeltaCredit /Ba2/BBB- 139 771 48 1.1 17.92 4.55 -0.16 -812 0.2 4.3 0.29 3.21 9.1Derzhava /B3/ 31 674 136 5.4 1.65 3.32 2.18 277 1.9 3.5 0.53 1.03 8.8Expobank //B+ 64 433 85 9.2 0.66 6.34 3.80 363 0.5 3.0 0.48 0.21 14.7Finprombank /B3/ 59 279 89 9.5 1.05 7.02 1.41 -175 2.4 7.4 0.33 6.22 7.9Gazprombank BB+/Ba2/BB+ 4 642 745 3 6.6 0.90 2.53 -1.52 -37 488 1.5 7.7 0.31 5.43 8.6Globex BB-//BB- 276 448 35 6.5 1.09 2.48 -3.95 -3 146 13.2 10.5 0.56 6.84 7.2HMB Otkrytie B+/B2/ 549 990 16 8.0 0.62 3.69 -2.91 -6 472 13.5 16.7 0.72 7.10 6.2Home Credit /B2/B+ 245 070 40 4.7 0.86 10.73 -2.51 -1 293 14.3 11.6 0.43 16.26 12.4IBA-Moscow /B3/ 54 085 96 5.2 2.33 1.85 0.30 -4 1.9 3.5 0.92 -0.35 7.0IBRD /B3/B+ 134 837 50 18.1 0.60 5.54 -8.35 -870 30.7 27.3 0.85 12.15 11.7IManeyBank // 25 261 151 38.1 0.62 0.34 -3.70 -171 2.4 11.0 0.70 9.46 7.9ING Bank (Eurasia) /Ba2/BBB- 272 761 36 4.8 0.27 2.18 3.55 74 0.0 0.7 0.37 -0.85 12.2International Financial Club /B3/ 126 287 55 19.6 0.56 3.75 -0.19 -411 4.9 6.8 0.44 2.88 3.8Intesa /Ba2/BBB- 71 173 81 8.2 1.69 7.24 -0.50 -22 14.2 12.9 0.60 4.23 16.5Investtradebank /Caa3/ 112 101 61 7.3 1.21 2.36 -6.26 -5 228 14.2 8.5 0.89 8.33 5.3Krayinvestbank B// 45 142 111 12.1 0.59 2.52 1.38 325 4.9 13.0 0.24 18.37 15.0Locko-Bank /B2/B+ 97 569 66 11.1 0.99 4.48 2.06 640 4.1 7.1 0.40 2.76 12.5M2M Private Bank // 32 975 133 8.8 0.88 3.92 -1.38 -201 5.6 4.1 0.73 3.55 8.6Maritime Bank /B3/ 23 440 163 7.9 0.83 1.18 -1.07 -194 13.1 13.0 0.82 3.66 6.7MetallInvestBank /B2/ 68 253 83 10.2 0.70 1.56 1.97 544 6.1 9.9 0.39 3.23 11.1Metcombank /B2/ 38 667 118 22.2 0.65 6.22 1.03 356 9.8 10.6 0.59 1.58 7.1Mezhtopenergobank B-// 50 231 103 15.2 0.83 3.22 0.59 94 4.1 5.1 0.85 -0.11 10.5MIA /Ba3/ 32 957 134 23.4 1.17 5.82 0.47 234 6.9 8.0 0.34 6.36 23.2Moscow Credit Bank BB-/B1/BB 996 257 12 4.0 0.82 3.64 0.08 -2 430 3.5 7.0 0.49 2.62 6.5MSP Bank BB+/Ba2/ 139 461 49 3.5 2.82 2.85 0.05 11 6.2 5.0 0.42 1.75 17.4National Standard /B3/ 48 878 105 4.8 0.95 2.63 -0.13 -74 2.9 2.8 1.01 -0.23 11.9NFC B/B3/ 12 013 228 1.5 11.87 7.08 1.31 59 1.0 2.8 0.64 1.96 23.8Nota-Bank /C/ 75 773 78 6.1 1.11 4.53 1.51 286 1.1 3.2 0.37 2.58 14.9Novikombank /B2/B 289 141 30 9.2 0.87 3.21 0.99 575 5.5 6.7 0.22 3.51 6.1Orient Express Bank /Caa1/B- 168 776 45 9.6 0.74 12.58 11.30 28 330 13.6 30.2 0.25 7.01 11.8Otkritie FC BB-/Ba3/ 2 882 813 4 3.2 1.76 2.51 0.91 2 341 3.5 5.1 0.29 1.61 4.7Peresvet B+// 166 344 46 8.2 1.08 4.08 1.99 560 0.5 2.5 0.25 0.65 8.5Promsvyazbank BB-/Ba3/ 1 159 209 11 8.5 0.93 2.37 0.63 -2 323 7.6 10.4 0.25 6.98 5.8Raiffeisenbank /Ba2/BBB- 800 515 13 11.7 0.91 4.21 2.65 5 724 5.1 7.1 0.41 2.26 12.9Renaissance Credit B-/B2/ 115 548 59 10.6 0.56 6.92 -5.90 -1 502 20.3 31.6 0.46 21.51 8.9Rosbank /Ba2/BBB- 789 717 14 11.3 0.86 4.03 1.24 5 046 9.0 9.4 0.89 -0.63 13.9Rossiysky Capital //BB- 247 005 39 10.3 0.50 0.26 -1.48 -1 722 18.7 10.7 2.32 2.08 6.9Rusfinance Bank BB+/Ba2/BBB- 95 386 68 3.0 3.71 11.03 1.50 228 9.4 13.0 0.63 3.76 22.7Russian Agricultural Bank /Ba2/BB+ 2 329 984 6 5.1 0.95 1.55 -0.96 2 807 11.0 7.6 0.96 1.32 8.7Russian Standard CCC+/Caa2/ 442 401 21 3.6 0.65 5.75 5.04 8 381 28.5 20.1 0.72 -1.28 7.8Russlavbank // 37 159 123 6.9 0.57 1.96 2.15 12 3.9 8.5 0.91 -5.61 10.8Sberbank /Ba1/BBB- 21 528 607 1 8.2 0.89 4.42 1.23 105 506 2.9 6.0 0.57 2.20 10.6SDM Bank //B+ 45 697 109 18.4 0.48 5.66 2.81 308 1.5 4.6 0.50 0.80 12.4SMP Bank // 297 486 29 4.0 0.69 0.69 0.64 139 2.1 1.6 0.51 0.77 6.1Sovcombank B//B+ 440 348 22 2.0 0.61 4.12 3.65 2 246 3.8 9.8 0.48 2.80 6.6Soyuz B// 88 605 72 7.6 0.80 3.55 -0.82 -452 6.7 9.7 0.77 2.32 8.8Sviaz Bank BB-//BB 373 818 23 7.2 0.79 1.21 -1.91 -2 071 3.5 4.4 1.71 1.81 6.1Svyaznoy Bank // 15 428 195 17.8 0.67 24.49 46.23 516 49.7 30.3 0.22 -15.93 6.2Tatfondbank B/B2/ 179 983 43 5.6 0.99 -0.82 1.78 539 3.1 9.1 0.48 0.63 8.1TCS /B2/B+ 115 179 60 4.2 0.87 21.23 3.52 1 016 15.3 24.7 0.83 2.56 17.5Transcapitalbank /B1/ 174 908 44 8.7 1.12 5.21 0.88 -843 7.0 8.2 0.41 3.71 10.8UBRD B-// 336 300 25 4.0 0.80 -1.10 1.16 466 2.0 8.3 0.29 8.72 4.3Uniсredit BB+//BBB- 1 259 133 10 5.5 0.86 2.27 0.42 4 132 4.5 6.0 0.34 2.73 11.2Uralsib CCC+/Caa2/B 320 984 27 9.5 0.63 5.58 1.79 11 128 11.5 12.1 0.60 4.31 12.6Vneshprombank B+/B3/ 283 760 33 26.0 0.74 3.85 0.35 -356 0.7 2.8 0.42 2.00 5.8Volkswagen Bank Rus BB+// 37 452 122 5.8 3.82 6.28 6.40 775 0.7 1.9 0.62 -4.24 27.3VTB BB+/Ba1/ 8 529 276 2 4.6 0.94 1.06 0.14 41 516 3.4 2.6 0.47 1.19 15.3VTB24 /Ba2/ 2 626 598 5 6.2 0.64 4.75 0.93 19 187 9.2 9.1 0.51 2.85 6.4Zapsibkombank B+// 94 398 69 9.0 0.77 4.55 1.16 321 2.9 8.0 0.72 0.71 13.5

Key Financials of Russian Banks on the Bond Market, 3Q15


RAS reporting (forms 101 and 102)

Issuer Ratings(S&P/M/F)

Accountingperiod

Total assets,RUB mln NIM, % COR, % NPL ratio,

%Provision ratio, %

Opex/ assets, %

Debt sec./total liab., % ROAA, % ROAE, % TCAR, % Tier-1 CAR,

%Equity/

assets, %

Absolut Bank /B1/B+ 6M15 235 049 2.58 1.15 3.46 2.33 11.89 0.94 8.36 11.84AK Bars /B2/BB- 6M15 436 981 -0.96 4.15 8.89 1.65 19.11 -2.10 -32.01 6.11Alfa-Bank BB/Ba2/BB+ 6M15 2 028 791 3.51 3.44 6.20 6.73 2.62 11.00 0.16 1.47 19.80 14.40 12.06B&NBank B// 6M15 633 304 3.10 9.22 N/A N/A 2.86 7.28 -0.91 -14.44 5.63Bank St Petersburg /B1/BB- 6M15 520 264 3.57 3.30 3.16 8.52 1.91 7.27 0.60 5.93 13.69 10.48 10.46Center-invest /B1/ 6M15 87 385 3.44 1.98 5.74 2.32 11.23 0.04 0.39 15.00 10.98 10.97Credit Europe /B1/BB- 6M15 140 280 6.33 6.52 7.67 4.13 31.73 -0.77 -5.62 13.44DeltaCredit /Ba2/BBB- 6M15 133 002 5.10 2.38 2.60 1.64 1.38 51.62 1.04 8.75 24.09 24.09 11.48EABR BBB-/Baa1/ 6M15 213 345 2.67 13.31 6.94 1.14 54.96 -7.66 -18.96 38.88Gazprombank BB+/Ba2/BB+ 6M15 4 594 397 2.29 4.59 1.63 7.14 1.42 11.90 -0.98 -10.72 12.90 8.90 9.07Home Credit /B2/B+ 6M15 294 922 10.02 16.59 15.09 16.35 7.71 4.04 -5.58 -37.19 21.70 15.30 14.39Locko-Bank /B2/B+ 6M15 95 271 4.12 1.71 6.28 6.21 3.06 10.90 2.96 22.58 16.70 16.00 12.85MDM Bank B+// 6M15 304 550 1.78 5.83 13.86 19.94 3.76 0.55 -2.91 -28.22 13.50 10.70 10.38Moscow Credit Bank BB-/B1/BB 6M15 756 951 3.76 4.00 4.93 4.77 1.27 15.48 0.36 3.52 20.70 12.50 10.00Novikombank /B2/B 6M15 244 302 3.51 4.83 7.31 8.23 1.14 13.31 0.10 1.94 9.10 6.30 5.54Orient Express Bank /Caa1/B- 6M15 175 577 10.77 22.34 24.12 23.73 5.55 1.82 -7.17 -83.98 12.40 8.27 7.79Otkritie FC BB-/Ba3/ 6M15 3 104 873 1.85 1.94 3.78 2.51 1.38 4.60 0.58 9.26 17.51 11.57 6.44OTP Bank /Ba3/BB 6M15 126 149 13.86 17.86 19.37 21.84 9.74 0.60 -4.65 -29.23 17.26Peresvet B+// 6M15 135 499 4.75 -0.74 0.53 0.73 0.95 8.30 1.57 12.06 17.45 16.76 13.59Promsvyazbank BB-/Ba3/ 6M15 1 010 184 2.95 5.02 5.32 6.47 1.91 2.54 -0.92 -12.99 14.49 9.34 7.74Raiffeisenbank /Ba2/BBB- 6M15 842 773 6.58 2.64 6.67 5.63 2.77 3.23 2.71 23.76 20.47 15.94 11.56Renaissance Credit B-/B2/ 6M15 114 999 6.19 22.08 20.55 7.92 9.76 -5.03 -58.67 9.43Rosbank /Ba2/BBB- 6M15 948 714 3.53 3.22 9.41 3.84 15.44 -1.22 -10.07 13.06Rossiysky Capital //BB- 6M15 191 462 -0.59 3.01 21.82 20.95 1.95 15.13 -4.03 -147.86 2.36 1.51 1.87Russian Agricultural Bank /Ba2/BB+ 6M15 2 008 294 0.78 5.50 9.97 2.07 28.09 -4.63 -49.34 8.48Russian Standard CCC+/Caa2/ 6M15 381 622 3.78 26.18 25.66 6.41 5.86 -11.08 -526.06 0.17Sberbank /Ba1/BBB- 6M15 23 657 000 3.97 2.55 4.90 5.77 2.42 5.61 0.70 8.15 13.40 9.60 9.14Sovcombank B//B+ 6M15 290 270 6.49 8.77 8.59 9.07 3.35 1.01 7.63 112.70 7.48Tatfondbank B/B2/ 6M15 173 388 0.18 3.39 12.98 1.89 14.75 -3.10 -57.52 4.44TCS /B2/B+ 6M15 122 242 22.86 16.93 14.29 20.52 8.07 9.00 0.35 1.93 19.60 14.98 17.28Uniсredit BB+//BBB- 6M15 1 235 551 3.12 1.66 3.12 1.18 3.39 1.21 10.57 12.52Uralsib CCC+/Caa2/B 6M15 349 556 2.16 5.97 14.51 6.38 7.35 -5.41 -68.41 7.19VEB BB+/Ba1/BBB- 6M15 3 858 540 2.09 4.77 19.62 1.88 25.26 -3.80 -38.89 9.78Vneshprombank B+/B3/ 6M15 260 101 2.78 1.57 0.87 3.27 1.04 11.44 0.59 10.28 11.70 7.00 5.60VTB BB+/Ba1/ 6M15 11 742 900 2.10 1.66 6.96 7.59 1.97 5.91 -0.29 -3.08 12.40 10.10 9.26Zapsibkombank B+// 6M15 99 642 4.45 1.71 6.43 6.49 4.45 0.87 0.35 2.61 13.68Zenit /B1/BB- 6M15 308 354 2.22 2.31 6.49 2.34 15.53 -2.11 -23.89 14.50 9.60 8.80


Key Ratios of Russian Banks on the Bond Market, IFRS

next coupon maturity Day Week Month bid ask YTM Current

OFZ-25082 106 009 6.00 05/11/2016 05/11/2016 3.5 99.07 141 -112 (0.01) 0.21 0.66 99.06 99.07 9.46 5.98 0.27OFZ-46017 40 000 6.00 02/03/2016 08/03/2016 6.2 98.15 231 -62 0.19 0.20 0.49 98.11 98.15 10.04 6.03 0.46OFZ-26203 139 560 6.90 02/03/2016 08/03/2016 6.2 98.70 247 -94 (0.28) 0.24 0.54 98.80 98.85 9.73 6.76 0.46OFZ-25080 150 000 7.40 04/20/2016 04/19/2017 14.7 97.00 545 -3 0.13 0.26 0.68 97.10 97.20 10.29 7.48 1.07OFZ-26206 150 000 7.40 06/15/2016 06/14/2017 16.6 96.56 1093 6 0.05 0.40 0.36 96.55 96.64 10.37 7.60 1.20OFZ-24018 165 725 11.98 06/29/2016 12/27/2017 23.0 102.05 1232 0.04 0.31 0.16 102.05 102.14 11.64OFZ-25081 145 731 6.20 02/03/2016 01/31/2018 24.2 92.77 2306 24 0.12 0.16 0.14 92.61 93.05 10.52 6.48 1.69OFZ-26204 146 727 7.50 03/17/2016 03/15/2018 25.6 94.70 1291 31 (0.01) (0.08) (0.31) 94.70 94.88 10.59 7.70 1.77OFZ-48001 14 460 12.20 11/02/2016 10/31/2018 33.1 104.00 0 1.02 0.94 3.00 102.46 103.06 11.43OFZ-26208 150 000 7.50 06/02/2016 02/27/2019 37.1 92.60 2059 90 (0.20) 0.18 (0.48) 92.70 92.90 11.01 5.27 2.46OFZ-46019 18 200 2.005 03/23/2016 03/20/2019 37.7 83.50 88.20OFZ-26216 186 534 6.70 05/18/2016 05/15/2019 39.6 89.93 321 61 0.01 0.10 (1.06) 89.99 90.50 10.64 7.35 2.67OFZ-26210 150 000 6.80 06/15/2016 12/11/2019 46.5 89.02 1052 66 0.27 0.04 (0.90) 89.50 89.51 10.57 7.57 3.09OFZ-29011 135 719 14.42 02/03/2016 01/29/2020 48.1 102.63 489 0.00 0.21 0.14 102.70 102.79 13.17OFZ-26214 170 746 6.40 06/01/2016 05/27/2020 52.0 86.45 0 79 0.12 (0.01) (1.40) 86.55 86.90 10.62 7.32 3.41OFZ-26205 150 000 7.60 04/20/2016 04/14/2021 62.6 89.33 177 83 3.76 (0.04) (1.78) 89.35 89.64 10.55 8.32 3.85OFZ-46018 128 934 6.50 03/02/2016 11/24/2021 70.0 85.73 0 89 0.12 (0.22) (1.02) 85.15 85.75 10.64 7.50 3.72OFZ-26209 146 118 7.60 01/27/2016 07/20/2022 77.8 87.74 34 89 0.50 0.19 (2.33) 87.50 87.80 10.50 8.31 4.46OFZ-26211 150 000 7.00 02/03/2016 01/25/2023 84.0 83.96 284 99 0.15 0.64 (2.75) 84.35 84.45 10.53 8.02 4.79OFZ-46022 28 223 6.00 07/20/2016 07/19/2023 89.8 79.75 81.95OFZ-26215 250 000 7.00 02/24/2016 08/16/2023 90.7 82.66 581 113 (0.26) (0.37) (2.98) 83.10 83.48 10.63 8.18 5.08OFZ-52001 139 841 2.50 02/24/2016 08/16/2023 90.7 99.11 644 0.16 0.20 (0.35) 99.30 99.38 2.56OFZ-29006 267 165 14.48 02/10/2016 01/29/2025 108.2 102.91 56 0.14 0.15 0.36 102.90 102.94 13.22OFZ-26207 190 234 8.15 02/17/2016 02/03/2027 132.3 86.38 2245 115 0.31 0.31 (5.00) 87.00 87.07 10.50 9.06 6.24OFZ-29007 200 000 13.80 03/16/2016 03/03/2027 133.2 101.70OFZ-26212 241 072 7.05 02/03/2016 01/19/2028 143.8 78.34 2893 118 0.18 (0.74) (4.82) 78.77 79.15 10.49 8.63 6.72OFZ-29008 200 000 13.28 04/20/2016 10/03/2029 164.3 101.75OFZ-29009 200 000 13.00 05/25/2016 05/05/2032 195.4 103.32 1 (0.15) (0.32) 0.26 103.55 103.72 12.32OFZ-29010 200 000 12.84 06/29/2016 12/06/2034 226.5 103.00OFZ-46020 116 911 6.90 02/10/2016 02/06/2036 240.5 73.67 1 102 (1.89) (0.29) (1.88) 73.66 74.17 10.26 8.98 8.32


OFZ

Issue Outstanding, mln RUB

Coupon, %

Dates

Price, %Volume

traded, mln RUB

Price Change, pptMonths to maturity

Spread over swaps

Latest quotes Yields, %Dur., years

-300

-200

-100

0

100

200

300

Spre

ad, b

ps

OFZ Swap SpreadOFZ Swap Spread, week agoOFZ Swap Spread, month ago

Modified duration, years

46017

46018

26203

2620426205

26206

26207

26208

25080

2620926210

2621126212

25081

25082

262152621426216

8.8

9.3

9.8

10.3

10.8

11.3

0 1 2 3 4 5 6 7

Yield

to m

aturit

y, %

OFZOFZ CurveRUB/USD (vs. 3M Libor) Swap

Cut-off WA At cut-off At WA

OFZ-29006 01/29/2025 01/20/2016 12 000 24 994 12 000 267 165 102.58 102.64OFZ-26207 02/03/2027 01/20/2016 8 000 14 818 8 000 190 234 84.81 85.05 10.78 10.74 6.20OFZ-24018 12/27/2017 01/13/2016 10 000 16 517 9 523 165 725 101.55 101.66OFZ-26214 05/27/2020 01/13/2016 7 800 17 460 7 800 170 746 86.36 86.54 10.62 10.56 3.44OFZ-29011 01/29/2020 12/23/2015 6 500 26 566 6 500 135 719 102.11 102.16OFZ-26214 05/27/2020 12/16/2015 5 000 18 740 5 000 161 446 87.12 87.33 10.31 10.24 3.52OFZ-29006 01/29/2025 12/16/2015 10 000 9 185 8 185 253 350 101.65 101.83OFZ-52001 08/16/2023 12/09/2015 20 416 19 466 13 584 138 307 99.20 99.34OFZ-29011 01/29/2020 12/02/2015 7 000 26 046 7 000 129 219 101.83 101.85

Maturity Date

Latest Placements

Amount outstanding, mln RUB

Price

Placed, mln RUB Dur., years

Yield, %

Demand, mln RUBIssue Auction Date Offered volume, mln RUB

next cpn put/call maturity P/C maturity bid ask P/C YTM CY

Absolut CP-3 5 000 R 12.00 05/28/2016 11/30/2016 05/28/2018 10.1 28.0 60.00 98.50 B+/B1/ FinancialsAbsolut CP-5 5 000 R 10.19 04/29/2016 05/04/2017 04/29/2020 15.2 51.1 B+/B1/ FinancialsAbsolut-5 1 800 R 11.50 01/27/2016 07/27/2016 6.0 B+/B1/ FinancialsAcron CP-02 5 000 R 11.60 05/24/2016 05/25/2017 11/20/2018 15.9 33.8 100.00 0.01 50 029 99.99 100.25 11.90 11.37 1.11 BB-/Ba3/ ChemicalsAcron CP-03 5 000 R 11.60 05/24/2016 05/25/2017 11/20/2018 15.9 33.8 99.90 100.25 BB-/Ba3/ ChemicalsAcron-4 3 750 R 13.60 05/24/2016 05/26/2016 05/18/2021 3.9 63.7 100.50 101.00 BB-/Ba3/ ChemicalsAcron-5 3 750 R 13.60 05/24/2016 05/26/2016 05/18/2021 3.9 63.7 100.55 BB-/Ba3/ ChemicalsAeroexpress-1 3 053 R 11.00 07/15/2016 01/13/2017 11.6 TransportationAeroflot CP-3 5 000 R 8.30 03/31/2016 03/31/2016 2.1 99.49 1 036 99.48 99.49 11.43 8.13 0.16 B+// TransportationAHML CP-1 5 000 R 7.60 03/23/2016 09/21/2016 7.8 97.73 98.30 /Ba1/BB+ FinancialsAHML CP-2 5 000 R 9.65 02/23/2016 05/26/2016 05/23/2017 3.9 15.8 99.10 99.50 /Ba1/BB+ FinancialsAHML CP-3 5 000 R 12.50 04/20/2016 10/21/2016 04/18/2018 8.8 26.7 100.70 102.25 /Ba1/BB+ FinancialsAHML CP-4 5 000 R 11.50 03/29/2016 09/28/2017 09/25/2018 20.1 32.0 /Ba1/BB+ FinancialsAIZK 2011 1-1 2 258 R 9.00 02/15/2016 02/15/2044 336.9 FinancialsAIZK 2011 1-2 1 129 R 3.00 02/15/2016 02/15/2044 336.9 FinancialsAIZK 2011 1-A1/13 2 057 R 9.00 03/22/2016 06/22/2046 365.1 FinancialsAIZK 2011 1-A2/12 1 618 R 9.00 02/25/2016 05/25/2045 352.1 FinancialsAIZK 2011 1-A2/12 809 R 3.00 02/25/2016 05/25/2045 352.1 FinancialsAIZK 2011 1-A2/13 1 028 R 3.00 03/22/2016 06/22/2046 365.1 FinancialsAIZK 2011 2-1 7 457 R 8.25 03/15/2016 09/15/2043 331.8 FinancialsAIZK 2011 2-2 7 457 R 9.00 03/15/2016 09/15/2043 331.8 FinancialsAIZK 2012 1-1 5 932 R 9.00 04/22/2016 01/22/2044 336.1 FinancialsAIZK-07 1 000 R 7.68 04/15/2016 07/15/2016 5.6 98.00 98.54 /Ba1/BB+ FinancialsAIZK-08 1 500 R 7.63 03/15/2016 06/15/2018 28.6 93.35 94.00 /Ba1/BB+ FinancialsAIZK-09 2 000 R 7.49 02/15/2016 02/15/2017 12.7 97.56 98.00 /Ba1/BB+ FinancialsAIZK-10 3 000 R 8.05 02/15/2016 11/15/2018 33.6 94.11 97.00 /Ba1/BB+ FinancialsAIZK-11 7 000 R 8.20 03/15/2016 09/15/2020 55.7 92.00 /Ba1/BB+ FinancialsAIZK-13 7 000 R 10.75 04/15/2016 04/15/2018 26.6 100.25 101.00 /Ba1/BB+ FinancialsAIZK13-1 8 916 R 8.50 03/09/2016 04/09/2018 09/09/2045 26.4 355.7 58.00 102.00 FinancialsAIZK13-2 4 978 R 9.00 03/09/2016 09/09/2045 355.7 FinancialsAIZK-14 7 000 R 10.75 05/15/2016 05/15/2023 87.6 100.10 100.45 /Ba1/BB+ FinancialsAIZK-15 7 000 R 10.75 03/15/2016 09/15/2028 151.7 100.58 (0.01) 100 100.00 100.57 10.29 /Ba1/BB+ FinancialsAIZK-16 10 000 R 8.25 03/15/2016 09/15/2021 67.7 91.00 92.00 /Ba1/BB+ FinancialsAIZK-17 8 000 R 9.05 04/15/2016 04/15/2022 74.6 90.00 92.50 /Ba1/BB+ FinancialsAIZK-18 7 000 R 8.00 04/15/2016 04/18/2016 07/15/2023 2.7 89.6 92.51 99.80 /Ba1/BB+ FinancialsAIZK-19 6 000 R 12.50 02/15/2016 08/17/2016 11/15/2024 6.7 105.7 100.00 101.40 /Ba1/BB+ FinancialsAIZK-20 5 000 R 8.60 03/15/2016 12/15/2027 142.7 84.30 86.80 /Ba1/BB+ FinancialsAIZK2014-1-А1 627 R 8.50 03/11/2016 06/11/2046 364.7 FinancialsAIZK2014-1-А2 6 219 R 8.50 03/11/2016 06/11/2046 364.7 96.35 FinancialsAIZK2014-1-А3 6 323 R 3.00 03/11/2016 06/11/2046 364.7 FinancialsAIZK2014-2-B 685 R 03/13/2016 06/13/2047 376.8 FinancialsAIZK2014-2-А1 5 421 R 10.50 03/13/2016 06/13/2047 376.8 FinancialsAIZK2014-2-А2 4 493 R 10.50 03/13/2016 06/13/2047 376.8 FinancialsAIZK2014-2-А3 6 459 R 6.00 03/13/2016 06/13/2047 376.8 FinancialsAIZK2014-3-А1 2 445 R 9.00 03/16/2016 06/16/2047 376.9 FinancialsAIZK2014-3-А2 1 222 R 3.00 03/16/2016 06/16/2047 376.9 FinancialsAIZK-21 9 000 R 8.80 02/15/2016 02/15/2020 48.7 95.06 95.99 /Ba1/BB+ FinancialsAIZK-22 15 000 R 9.91 04/15/2016 04/19/2016 07/15/2024 2.7 101.7 /Ba1/BB+ FinancialsAIZK-23 14 000 R 10.04 03/15/2016 03/17/2016 12/15/2029 1.6 166.7 /Ba1/BB+ FinancialsAIZK-24 6 000 R 10.90 02/01/2016 11/03/2017 11/01/2022 21.2 81.2 91.01 99.70 /Ba1/BB+ FinancialsAIZK-25 6 000 R 7.75 04/01/2016 04/04/2017 10/01/2026 14.2 128.2 95.50 99.00 /Ba1/BB+ FinancialsAIZK-26 6 000 R 15.30 02/01/2016 02/04/2020 11/01/2029 48.3 165.3 100.10 /Ba1/BB+ FinancialsAIZK-27 4 000 R 11.09 02/01/2016 02/03/2016 11/01/2032 0.2 201.3 /Ba1/BB+ FinancialsAIZK-28 4 000 R 9.91 04/15/2016 04/19/2016 01/15/2029 2.7 155.7 /Ba1/BB+ FinancialsAIZK-29 5 000 R 9.91 04/15/2016 04/19/2016 10/15/2030 2.7 176.7 /Ba1/BB+ FinancialsAIZK-30 6 000 R 10.75 03/01/2016 12/04/2018 03/01/2033 34.3 205.2 /Ba1/BB+ FinancialsAkBars CP-04 5 000 R 12.25 06/28/2016 07/01/2016 12/26/2017 5.1 23.0 99.31 100.37 BB-/B2/ FinancialsAkBars CP-2 5 000 R 15.00 03/16/2016 03/16/2016 1.6 100.25 0.00 1 600 100.20 100.38 13.16 14.19 0.12 BB-/B2/ FinancialsAkBars CP-3 5 000 R 16.00 02/18/2016 02/24/2016 08/18/2016 0.9 6.7 100.02 2 855 100.01 100.19 15.71 14.95 0.05 BB-/B2/ FinancialsAlfaBank CP-04 10 000 R 8.25 04/24/2016 10/24/2016 8.9 97.85 200 226 97.75 98.15 11.62 8.25 0.65 BB+/Ba2/BB FinancialsAlfaBank CP-05 10 000 R 12.00 04/20/2016 10/24/2017 10/20/2018 20.9 32.8 100.55 (0.05) 105 010 100.55 100.65 11.95 11.56 1.40 BB+/Ba2/BB FinancialsAlfaBank CP-08 5 000 R 8.65 02/26/2016 02/26/2016 1.0 99.76 (0.03) 29 581 99.77 99.90 11.68 8.37 0.08 BB+/Ba2/BB FinancialsAlfaBank CP-09 5 000 R 8.35 02/20/2016 08/20/2016 6.8 98.18 2 297 98.05 99.15 12.08 8.20 0.49 BB+/Ba2/BB FinancialsAlfaBank CP-10 5 000 R 9.75 06/11/2016 06/15/2016 06/11/2017 4.6 16.5 99.45 99.49 BB+/Ba2/BB FinancialsAlfaBank CP-11 5 000 R 10.25 06/30/2016 06/30/2017 17.1 99.48 (0.02) 29 99.35 99.49 10.92 10.23 1.22 BB+/Ba2/BB FinancialsAlfaBank CP-13 5 000 R 11.65 03/17/2016 09/19/2016 08/30/2029 7.8 163.2 90.03 100.25 BB+/Ba2/BB FinancialsAlfaBank CP-14 5 000 R 11.95 03/17/2016 09/18/2017 08/30/2029 19.7 163.2 100.10 2 296 100.10 100.49 12.21 11.45 1.31 BB+/Ba2/BB FinancialsAlfaBank CP-15 5 000 R 13.25 05/31/2016 06/02/2016 11/13/2029 4.2 165.7 100.38 100.85 BB+/Ba2/BB FinancialsAlfaBank-1 5 000 R 8.00 02/02/2016 02/02/2016 0.2 BB+/Ba2/BB FinancialsAlfaBank-2 5 000 R 8.25 06/03/2016 12/02/2016 10.2 98.50 99.00 BB+/Ba2/BB FinancialsAlfUkrf-01 3 000 R 20.00 06/03/2016 06/03/2016 4.2 101.35 0.24 15 101.32 101.60 16.59 19.49 0.30 FinancialsAllianceNK-4 5 000 R 8.85 06/07/2016 06/09/2016 06/01/2021 4.4 64.2 80.00 (0.41) 1 224 79.00 80.00 99.46 10.90 0.18 Oil & GasAllianceNK-6 5 000 R 8.85 06/10/2016 06/15/2016 06/04/2021 4.6 64.3 79.00 0.00 38 68.50 79.00 103.58 11.05 0.18 Oil & GasAMET CP-01 1 000 R 9.75 06/27/2016 06/17/2024 100.7 60.08 Metals & MiningArcherfin-1 5 900 R 8.75 04/05/2016 04/04/2017 14.2 FinancialsArsenal plant-04 33 R 14.00 05/30/2016 05/30/2016 4.1 99.99 0.00 13 100.00 101.98 14.36 13.70 0.30 IndustrialsATB CP-01 3 000 R 12.00 02/19/2016 02/19/2016 0.8 60.00 100.00 B-/B2/ FinancialsAtomEnProm CP-5 10 000 R 11.90 07/06/2016 07/05/2017 06/25/2025 17.3 113.0 BBB-/Ba1/BB+ UtilitiesAtomEnProm CP-6 5 000 R 11.90 07/06/2016 07/05/2017 06/25/2025 17.3 113.0 70.00 BBB-/Ba1/BB+ UtilitiesAvAgro-1 3 000 R 14.00 04/12/2016 10/18/2016 10/10/2017 8.7 20.4 AgricultureAvangard CP-01 1 500 R 12.00 02/01/2016 02/01/2016 0.2 /B2/ FinancialsAvtodor-1 3 000 R 9.75 05/31/2016 11/29/2016 10.1 95.01 BBB// ConstructionAvtodor-3 21 727 R 12.40 04/28/2016 04/22/2042 315.0 BBB// Construction

P5

CORPORATE BONDS

Ratings F/M/S

Months to Latest quotes Yields, %

IssueAmount

outst., mln


PriceCoupon rate, %

Dates

DVO1 SectorVolume traded,

pcsChange

Ruble Bonds


Baltliz CP-1 3 000 R 15.10 02/19/2016 02/22/2017 02/12/2021 12.9 60.6 TransportationBaltliz CP-2 4 000 R 13.50 03/10/2016 09/06/2018 31.3 99.50 100.25 TransportationBaltliz CP-3 4 000 R 13.50 04/07/2016 07/01/2021 65.2 99.50 100.25 TransportationBaltliz-1 1 000 R 11.82 03/25/2016 06/28/2017 06/19/2020 17.0 52.8 TransportationBaltliz-2 1 000 R 11.82 03/25/2016 06/28/2017 06/19/2020 17.0 52.8 TransportationBank Otkrytie-01 3 000 R 11.95 06/15/2016 06/17/2016 12/13/2017 4.7 22.6 93.31 101.29 FinancialsBankSPb CP-9 5 000 R 10.70 03/10/2016 09/08/2016 7.4 BB-/B1/ FinancialsBashneft CP-3 5 000 R 12.00 05/20/2016 05/19/2017 05/09/2025 15.7 111.5 65.00 BB+/Ba1/ Oil & GasBashneft CP-4 5 000 R 12.00 05/30/2016 05/29/2017 05/19/2025 16.0 111.8 BB+/Ba1/ Oil & GasBashneft CP-5 10 000 R 10.70 05/23/2016 11/22/2018 05/13/2024 33.9 99.6 90.76 BB+/Ba1/ Oil & GasBashneft CP-7 5 000 R 12.10 06/14/2016 06/11/2021 06/03/2025 64.5 112.3 BB+/Ba1/ Oil & GasBashneft-1 3 509 R 8.35 06/14/2016 12/13/2016 10.6 97.31 99.88 BB+/Ba1/ Oil & GasBashneft-2 3 400 R 8.35 06/14/2016 12/13/2016 10.6 97.30 99.00 BB+/Ba1/ Oil & GasBashneft-3 4 595 R 8.35 06/14/2016 12/13/2016 10.6 97.30 100.00 BB+/Ba1/ Oil & GasBashneft-4 10 000 R 16.00 02/12/2016 02/18/2016 02/04/2022 0.7 72.3 100.17 (0.05) 13 239 100.15 100.25 12.15 14.90 0.04 BB+/Ba1/ Oil & GasBashneft-6 10 000 R 8.65 02/09/2016 02/12/2018 01/31/2023 24.6 84.2 93.51 95.60 BB+/Ba1/ Oil & GasBashneft-7 10 000 R 8.85 02/09/2016 02/10/2020 01/31/2023 48.5 84.2 91.56 (0.44) 850 016 91.01 91.70 11.86 9.25 2.95 BB+/Ba1/ Oil & GasBashneft-8 5 000 R 8.65 02/09/2016 02/12/2018 01/31/2023 24.6 84.2 93.50 96.99 BB+/Ba1/ Oil & GasBashneft-9 5 000 R 8.85 02/09/2016 02/10/2020 01/31/2023 48.5 84.2 93.67 (2.03) 3 93.00 93.99 11.12 9.05 2.98 BB+/Ba1/ Oil & GasBC CP-01 2 000 R 13.00 03/31/2016 04/05/2016 03/26/2020 2.3 50.0 TechnologyBC-01 3 000 R 12.50 06/24/2016 06/29/2016 12/20/2019 5.1 46.8 TechnologyBFA-1 1 500 R 12.50 03/29/2016 09/27/2016 8.0 //B FinancialsBinbank CP-10 3 000 R 14.50 06/08/2016 06/14/2016 06/02/2021 4.6 64.2 99.80 0.43 1 200 99.61 99.99 15.49 14.26 0.32 //B FinancialsBinbank CP-11 3 000 R 14.50 06/08/2016 06/14/2016 06/02/2021 4.6 64.2 99.60 135 003 99.50 16.11 14.28 0.32 //B FinancialsBinbank CP-12 3 000 R 14.50 06/08/2016 06/14/2016 06/02/2021 4.6 64.2 99.88 0.16 3 172 99.70 99.99 15.25 14.25 0.32 //B FinancialsBinbank CP-13 3 000 R 14.50 06/08/2016 06/14/2016 06/02/2021 4.6 64.2 99.50 101.00 //B FinancialsBinbank CP-14 5 000 R 14.50 06/01/2016 06/06/2016 05/26/2021 4.3 64.0 99.96 (0.03) 125 174 99.75 99.99 14.98 14.20 0.30 //B FinancialsBinbank CP-2 19 000 R 13.50 03/24/2016 09/24/2016 7.9 99.49 (0.01) 175 99.49 99.50 14.76 12.97 0.55 //B FinancialsBinbank CP-3 18 000 R 13.75 07/16/2016 07/16/2016 5.6 100.10 0.10 761 99.85 100.10 13.95 13.68 0.41 //B FinancialsBinbank CP-4 24 000 R 17.00 02/12/2016 02/17/2016 02/07/2020 0.7 48.4 100.19 0.16 61 100.01 100.20 12.69 15.76 0.04 //B FinancialsBinbank CP-5 11 000 R 13.50 06/08/2016 12/12/2016 12/02/2020 10.5 58.2 //B FinancialsBinbank CP-6 5 000 R 13.90 07/25/2016 01/28/2016 01/18/2021 0.0 59.8 100.45 100.75 //B FinancialsBinbank CP-7 5 000 R 13.90 07/25/2016 01/28/2016 01/18/2021 0.0 59.8 99.00 100.60 //B FinancialsBinbank CP-8 3 000 R 15.00 04/01/2016 04/06/2016 03/26/2021 2.3 62.0 99.94 0.24 103 99.62 99.99 15.55 14.32 0.16 //B FinancialsBinbank CP-9 3 000 R 15.00 04/01/2016 04/06/2016 03/26/2021 2.3 62.0 99.81 100.36 //B FinancialsBK Eurasia-1 5 000 R 8.40 06/22/2016 06/27/2016 06/20/2018 5.0 28.8 BB// Oil & GasBKZ Finance-01 5 000 R 12.30 06/24/2016 06/29/2016 12/20/2019 5.1 46.8 ConstructionBOR GHK-1 4 000 R 10.00 06/23/2016 12/20/2018 34.8 Metals & MiningBоM CP-01 10 000 R 8.05 01/28/2016 01/28/2016 0.0 /Ba2/BB+ FinancialsBоM CP-04 10 000 R 11.75 04/19/2016 04/21/2016 10/18/2016 2.8 8.7 99.96 /Ba2/BB+ FinancialsBоM CP-10 10 000 R 12.00 03/28/2016 03/30/2016 12/16/2024 2.1 106.7 99.95 /Ba2/BB+ FinancialsCarcade CP-1 1 050 R 12.50 04/25/2016 04/25/2016 2.9 100.08 0.83 1 674 99.62 100.12 12.72 12.48 0.22 BB-// FinancialsCentrInv CP-10 3 000 R 15.25 05/25/2016 05/26/2016 05/22/2019 3.9 39.8 100.47 4 400 61.00 100.50 14.02 14.80 0.29 /B1/ FinancialsCentrInv CP-7 3 265 R 11.25 05/17/2016 11/16/2016 11/13/2018 9.7 33.6 60.00 /B1/ FinancialsCherkizovo 1P-01 5 000 R 12.50 04/12/2016 10/06/2020 56.4 80.01 /B1/ RetailCherkizovo CP-4 3 000 R 9.75 04/12/2016 04/12/2016 2.5 99.31 100.14 /B1/ RetailCredEurBank CP-10 4 000 R 14.50 04/25/2016 10/27/2016 10/22/2018 9.0 32.8 97.46 (1.01) 82 97.02 97.49 18.99 14.30 0.60 BB-/B1/ FinancialsCredEurBank CP-14 5 000 R 11.36 06/07/2016 06/10/2016 06/05/2018 4.4 28.3 BB-/B1/ FinancialsCredEurBank CP-15 5 000 R 11.37 03/18/2016 09/19/2017 09/14/2018 19.8 31.6 BB-/B1/ FinancialsCredEurBank CP-18 5 000 R 11.40 06/27/2016 06/29/2016 06/26/2017 5.1 17.0 BB-/B1/ FinancialsCredEurBank CP-4 5 000 R 9.50 02/19/2016 02/19/2016 0.8 99.25 (0.25) 800 99.00 22.24 9.19 0.05 BB-/B1/ FinancialsCredEurBank CP-5 5 000 R 15.00 04/19/2016 04/19/2016 2.7 99.25 0.24 269 98.75 99.25 18.91 14.52 0.19 BB-/B1/ FinancialsCredEurBank CP-6 6 000 R 13.75 03/05/2016 09/05/2016 7.3 99.00 BB-/B1/ FinancialsCredEurBank CP-7 3 000 R 15.00 03/24/2016 03/28/2016 03/22/2018 2.0 25.8 100.25 10 100.25 13.45 14.24 0.14 BB-/B1/ FinancialsCredEurBank CP-8 3 000 R 15.00 04/08/2016 04/12/2016 04/06/2018 2.5 26.3 100.20 BB-/B1/ FinancialsCredEurBank CP-9 3 000 R 16.00 04/15/2016 04/19/2016 04/13/2018 2.7 26.5 100.02 1 006 99.00 100.03 16.16 15.31 0.19 BB-/B1/ FinancialsDeloPorts-1 3 000 R 13.80 05/27/2016 11/29/2018 11/14/2025 34.1 117.7 100.03 0.06 105 000 98.00 100.30 14.24 13.49 2.09 BB-// FinancialsDeltaCredit CP-05 5 000 R 8.40 04/21/2016 10/25/2016 10/21/2023 8.9 92.8 97.69 74 500 58.55 12.06 8.41 0.64 BBB-/Ba2/ FinancialsDeltaCredit CP-06 5 000 R 10.35 05/06/2016 05/06/2024 99.4 BBB-/Ba2/ FinancialsDeltaCredit CP-07 5 000 R 12.50 03/30/2016 10/03/2018 09/30/2025 32.2 116.2 BBB-/Ba2/ FinancialsDeltaCredit CP-08 5 000 R 12.40 04/20/2016 04/24/2019 10/20/2025 38.9 116.8 100.25 100.65 BBB-/Ba2/ FinancialsDeltaCredit CP-19 5 000 R 12.00 04/30/2016 11/01/2017 10/30/2025 21.2 117.2 100.00 200 000 12.33 11.66 1.42 BBB-/Ba2/ FinancialsDeltaCredit CP-25 6 000 R 12.10 01/28/2016 08/01/2018 07/28/2025 30.1 114.1 BBB-/Ba2/ FinancialsDeltaCredit-10IP 5 000 R 8.65 07/06/2016 07/13/2016 07/04/2018 5.5 29.2 98.30 99.00 BBB-/Ba2/ FinancialsDeltaCredit-11IP 5 000 R 8.50 04/02/2016 04/02/2016 2.2 98.94 99.60 BBB-/Ba2/ FinancialsDeltaCredit-12IP 5 000 R 8.45 03/03/2016 09/22/2016 08/30/2018 7.9 31.1 BBB-/Ba2/ FinancialsDeltaCredit-13IP 7 000 R 11.10 04/01/2016 10/21/2016 10/01/2024 8.8 104.2 60.01 100.99 BBB-/Ba2/ FinancialsDeltaCredit-14IP 5 000 R 12.00 03/27/2016 03/27/2024 98.0 99.30 102.00 BBB-/Ba2/ FinancialsDeltaCredit-15IP 5 000 R 11.92 04/10/2016 10/10/2024 104.5 98.70 100.75 BBB-/Ba2/ FinancialsDeltaCredit-16IP 5 000 R 8.50 02/04/2016 02/04/2018 24.3 95.50 4 93.50 95.50 11.47 8.72 1.65 BBB-/Ba2/ FinancialsDeltaCredit-6 5 000 R 9.90 06/15/2016 06/15/2016 4.6 99.00 99.55 BBB-/Ba2/ FinancialsDeltaCredit-8 5 000 R 11.75 05/04/2016 11/02/2016 9.2 BBB-/Ba2/ FinancialsDeltaCredit-9 5 000 R 11.60 06/07/2016 12/05/2017 22.3 BBB-/Ba2/ FinancialsDerzhava CP-01 2 000 R 9.75 04/10/2016 07/14/2020 07/10/2023 53.6 89.5 /B3/ FinancialsDerzhava-G-1 500 R 14.00 06/29/2016 06/24/2020 52.9 FinancialsDigitalInv CP-01 5 000 R 13.50 04/28/2016 05/05/2016 10/22/2020 3.3 56.9 99.90 100.25 FinancialsDigitalInv CP-02 5 000 R 13.50 05/10/2016 05/13/2016 11/03/2020 3.5 57.3 99.90 100.25 FinancialsDigitalInv-1 5 000 R 13.50 04/26/2016 04/26/2016 04/21/2020 3.0 50.8 99.90 100.25 FinancialsDomDengi CP-1 1 000 R 24.00 04/26/2016 10/25/2016 8.9 80.00 98.90 FinancialsDomDengi-1 1 000 R 27.00 04/28/2016 05/03/2016 04/27/2017 3.2 15.0 99.00 1 99.40 32.64 25.57 0.19 FinancialsDOMO CP-01 1 500 R 15.00 05/11/2016 05/11/2016 3.5 100.03 7 022 60.00 15.20 14.54 0.25 RetailDOMO CP-02 1 000 R 15.00 05/11/2016 05/11/2016 3.5 RetailEast-Sib MA 2012-A 1 738 R 8.75 02/11/2016 08/11/2046 366.7 Financials

P5

CORPORATE BONDS

Ratings F/M/S


IssueAmount

outst., mln


PriceCoupon rate, %

Dates


pcsChange

Ruble Bonds


EBRD-6 3 500 R 0.015 09/28/2016 09/28/2018 32.1 AAA/Aaa/AAA FinancialsEBRD-7 3 500 R 0.015 09/28/2016 09/28/2018 32.1 AAA/Aaa/AAA FinancialsEBRD-9 1 000 R 0.50 06/15/2016 06/15/2016 4.6 AAA/Aaa/AAA FinancialsEFESk-01 209 R 13.25 03/15/2016 06/14/2016 4.6 9.98 1 5.00 10.00 43453.08 115.16 0.00 ConstructionElementLiz CP-03 2 000 R 14.50 03/01/2016 06/07/2016 05/28/2019 4.3 40.0 //B FinancialsEnel 1P-01R 5 000 R 12.10 04/01/2016 09/28/2018 32.1 /Ba3/ UtilitiesEnel CP-05 2 000 R 12.10 06/02/2016 06/04/2018 05/22/2025 28.2 111.9 /Ba3/ UtilitiesEnel CP-06 3 000 R 12.10 06/02/2016 06/04/2018 05/22/2025 28.2 111.9 91.02 /Ba3/ UtilitiesEurDevBank-1 5 000 R 8.00 02/01/2016 02/01/2017 01/28/2019 12.2 36.1 /Baa1/BBB- FinancialsEurDevBank-2 5 000 R 15.50 02/25/2016 02/29/2016 02/21/2019 1.1 36.9 /Baa1/BBB- FinancialsEurDevBank-3 5 000 R 8.00 04/26/2016 10/25/2016 8.9 /Baa1/BBB- FinancialsEurDevBank-4 5 000 R 8.10 02/09/2016 02/06/2018 24.4 /Baa1/BBB- FinancialsEurDevBank-5 5 000 R 8.00 07/20/2016 07/25/2016 07/15/2020 5.9 53.6 /Baa1/BBB- FinancialsEurDevBank-6 5 000 R 7.85 03/30/2016 10/03/2016 09/23/2020 8.2 55.9 60.03 99.00 /Baa1/BBB- FinancialsEurDevBank-7 5 000 R 7.85 03/30/2016 10/03/2016 09/23/2020 8.2 55.9 59.01 97.70 /Baa1/BBB- FinancialsEurDevBank-8 5 000 R 8.00 04/13/2016 10/17/2016 10/07/2020 8.7 56.4 /Baa1/BBB- FinancialsEurDevBank-9 5 000 R 9.65 05/30/2016 05/30/2016 05/24/2021 4.1 63.9 60.01 99.50 /Baa1/BBB- FinancialsEuroChem-2 5 000 R 12.40 06/28/2016 06/26/2018 29.0 100.10 102.00 BB//BB ChemicalsEuroChem-3 5 000 R 8.25 05/18/2016 11/14/2018 33.6 80.00 1 80.00 85.00 18.34 10.12 2.10 BB//BB ChemicalsEurofin-Realty CP-1 2 000 R 11.00 01/29/2016 02/09/2016 10/23/2020 0.4 56.9 FinancialsEuroplan CP-1 2 000 R 9.78 03/30/2016 10/03/2016 09/25/2019 8.2 44.0 BB// FinancialsEuroplan CP-2 5 000 R 13.60 02/29/2016 09/01/2016 08/23/2021 7.2 66.9 BB// FinancialsEuroplan-03 3 500 R 12.50 05/03/2016 11/04/2016 10/31/2017 9.3 21.1 99.85 BB// FinancialsEuroplan-04 1 500 R 10.42 02/24/2016 02/29/2016 02/20/2019 1.1 36.8 BB// FinancialsEuroplan-05 1 500 R 10.22 03/29/2016 04/01/2016 03/26/2019 2.1 37.9 BB// FinancialsEvrazHolding-4 5 000 R 04/25/2016 10/19/2020 56.8 BB-/Ba3/BB- Metals & MiningEvrazHolding-5 5 000 R 8.40 06/02/2016 06/06/2016 05/27/2021 4.3 64.0 98.85 99.59 BB-/Ba3/BB- Metals & MiningEvrazHolding-7 15 000 R 8.40 05/31/2016 06/01/2016 05/25/2021 4.1 63.9 98.70 99.00 BB-/Ba3/BB- Metals & MiningEvrazHolding-8 15 000 R 12.95 06/29/2016 07/01/2019 06/18/2025 41.1 112.8 102.07 0.60 178 474 101.00 101.95 12.55 12.57 2.53 BB-/Ba3/BB- Metals & MiningExpobank-03 1 500 R 12.50 04/02/2016 07/03/2016 5.2 90.01 99.78 B+// FinancialsFargoFin-1 6 000 R 9.00 02/10/2016 02/06/2019 36.4 FinancialsFCT-1 5 000 R 13.10 06/21/2016 12/18/2020 12/09/2025 58.8 118.5 102.50 0.00 104 011 100.00 102.39 12.78 12.63 3.31 TransportationFEES-06 10 000 R 8.25 03/22/2016 09/15/2020 55.7 88.00 BBB-/Ba1/BB+ UtilitiesFEES-07 5 000 R 7.50 04/22/2016 10/16/2020 56.7 93.05 BBB-/Ba1/BB+ UtilitiesFEES-08 10 000 R 8.25 03/22/2016 09/15/2020 55.7 88.02 92.00 BBB-/Ba1/BB+ UtilitiesFEES-09 5 000 R 7.99 04/22/2016 10/24/2017 10/16/2020 20.9 56.7 94.61 95.20 BBB-/Ba1/BB+ UtilitiesFEES-10 10 000 R 7.75 03/22/2016 09/15/2020 55.7 85.00 BBB-/Ba1/BB+ UtilitiesFEES-11 10 000 R 7.99 04/22/2016 10/24/2017 10/16/2020 20.9 56.7 94.70 95.20 BBB-/Ba1/BB+ UtilitiesFEES-12 10 000 R 8.10 04/22/2016 04/28/2016 04/19/2019 3.0 38.7 94.02 BBB-/Ba1/BB+ UtilitiesFEES-13 10 000 R 8.50 06/28/2016 06/22/2021 64.9 88.90 91.99 BBB-/Ba1/BB+ UtilitiesFEES-15 10 000 R 8.75 04/21/2016 10/24/2018 10/12/2023 32.9 92.5 87.01 93.00 BBB-/Ba1/BB+ UtilitiesFEES-18 15 000 R 8.50 06/06/2016 06/07/2019 11/27/2023 40.3 94.1 91.75 BBB-/Ba1/BB+ UtilitiesFEES-19 20 000 R 7.95 07/14/2016 07/19/2018 07/06/2023 29.7 89.3 91.00 93.99 BBB-/Ba1/BB+ UtilitiesFEES-21 10 000 R 8.75 04/20/2016 04/26/2017 10/06/2027 15.0 140.4 97.52 434 97.50 11.23 8.76 1.05 BBB-/Ba1/BB+ UtilitiesFEES-22 10 000 R 17.80 02/03/2016 08/03/2022 07/21/2027 78.2 137.9 102.50 104.49 BBB-/Ba1/BB+ UtilitiesFEES-23 10 000 R 16.60 03/07/2016 04/27/2048 387.3 BBB-/Ba1/BB+ UtilitiesFEES-24 10 000 R 8.00 07/22/2016 01/24/2020 01/07/2028 47.9 143.4 50.01 92.00 BBB-/Ba1/BB+ UtilitiesFEES-25 15 000 R 8.60 03/29/2016 10/04/2016 09/14/2027 8.3 139.7 98.30 133 96.71 99.49 11.58 8.51 0.58 BBB-/Ba1/BB+ UtilitiesFEES-26 15 000 R 16.70 02/09/2016 07/09/2047 06/30/2048 377.6 389.4 BBB-/Ba1/BB+ UtilitiesFEES-27 11 000 R 16.70 02/09/2016 07/09/2047 06/30/2048 377.6 389.4 BBB-/Ba1/BB+ UtilitiesFEES-28 20 000 R 16.60 03/07/2016 04/27/2048 387.3 BBB-/Ba1/BB+ UtilitiesFEES-29 20 000 R 16.00 04/18/2016 09/10/2046 09/07/2048 367.7 391.6 BBB-/Ba1/BB+ UtilitiesFEES-30 10 000 R 16.60 03/11/2016 11/12/2046 10/30/2048 369.8 393.4 BBB-/Ba1/BB+ UtilitiesFEES-34 14 000 R 16.60 03/11/2016 11/01/2047 10/30/2048 381.4 393.4 BBB-/Ba1/BB+ UtilitiesFEES-37 20 000 R 16.70 02/03/2016 04/05/2045 03/23/2050 350.5 410.1 BBB-/Ba1/BB+ UtilitiesFEES-38 20 000 R 16.70 02/03/2016 04/05/2045 03/23/2050 350.5 410.1 BBB-/Ba1/BB+ UtilitiesFESCO CP-01 5 002 R 16.00 04/27/2016 02/27/2018 25.1 99.90 (0.10) 2 65.00 100.00 15.40 B-//B- TransportationFESCO CP-02 5 000 R 10.25 05/31/2016 05/31/2016 11/28/2017 4.1 22.1 80.39 (0.52) 30 80.01 80.80 114.76 12.51 0.16 B-//B- TransportationFinance-Avia-1 4 122 R 8.25 07/31/2016 07/31/2022 78.1 38.41 39.80 TransportationFinance-Avia-2 9 179 R 0.01 01/31/2016 07/31/2027 138.2 12.50 0.45 100 12.01 12.50 24.36 0.08 7.44 TransportationFinSovetnik-1 1 000 R 11.00 06/13/2016 06/16/2016 06/11/2018 4.6 28.5 OtherFinstone-1 6 200 R 9.25 07/14/2016 01/10/2019 35.5 FinancialsFPB-01 1 500 R 14.50 04/05/2016 04/07/2016 10/02/2018 2.3 32.2 99.00 100.25 /B3/ FinancialsFSPB-1 1 222 R 8.50 04/15/2016 07/15/2041 305.8 90.86 91.69 FinancialsGazprNeft-04 10 000 R 8.20 04/12/2016 04/16/2018 04/09/2019 26.6 38.4 93.18 0.17 11 93.18 93.84 12.13 8.58 1.79 BBB-/Ba1/BB+ Oil & GasGazprNeft-08 10 000 R 8.50 02/02/2016 02/02/2016 0.2 99.94 0.01 113 99.92 99.97 11.80 8.17 0.02 BBB-/Ba1/BB+ Oil & GasGazprNeft-09 10 000 R 8.50 02/02/2016 02/08/2016 01/26/2021 0.4 60.0 99.91 99.98 BBB-/Ba1/BB+ Oil & GasGazprNeft-10 10 000 R 8.90 02/02/2016 02/05/2018 01/26/2021 24.3 60.0 95.50 96.49 BBB-/Ba1/BB+ Oil & GasGazprNeft-11 10 000 R 12.00 02/02/2016 02/08/2016 01/25/2022 0.4 72.0 BBB-/Ba1/BB+ Oil & GasGazprNeft-12 10 000 R 8.50 06/01/2016 12/05/2017 11/23/2022 22.3 81.9 95.84 253 690 96.00 96.50 11.35 8.75 1.55 BBB-/Ba1/BB+ Oil & GasGazprom CP-19 15 000 R 16.60 05/25/2016 10/21/2043 333.0 BBB-/Ba1/BB+ Oil & GasGazprom CP-20 15 000 R 16.60 05/25/2016 10/21/2043 333.0 BBB-/Ba1/BB+ Oil & GasGazpromC-4 5 000 R 7.55 02/18/2016 02/15/2018 24.7 92.74 (6.15) 1 000 001 93.20 95.00 11.95 7.86 1.67 BBB-/Ba1/BB+ Oil & GasGazpromC-5 10 000 R 7.55 02/18/2016 02/16/2017 12.7 96.70 2 000 96.40 96.65 11.22 7.55 0.90 BBB-/Ba1/BB+ Oil & GasGazpromC-6 15 000 R 7.50 02/18/2016 02/18/2016 0.7 99.82 0.02 50 386 99.69 99.83 10.53 7.28 0.06 BBB-/Ba1/BB+ Oil & GasGEOTEK-1 3 000 R 10.50 04/20/2016 10/24/2016 10/17/2018 8.9 32.7 73.98 0.15 1 352 71.00 73.94 67.60 13.68 0.42 IndustrialsGlobex CP-9 5 000 R 12.25 06/25/2016 12/25/2016 10.9 80.01 BB-//BB- FinancialsGPB CP-05 10 000 R 11.00 02/01/2016 02/03/2016 08/01/2016 0.2 6.1 BB+/Ba2/BB+ FinancialsGPB CP-06 10 000 R 7.90 03/25/2016 09/25/2016 8.0 97.70 BB+/Ba2/BB+ FinancialsGPB CP-07 10 000 R 11.00 04/22/2016 04/26/2016 10/22/2016 3.0 8.8 95.01 136.00 BB+/Ba2/BB+ FinancialsGPB CP-08 10 000 R 11.00 05/23/2016 05/25/2016 05/23/2017 3.9 15.8 85.01 100.20 BB+/Ba2/BB+ FinancialsGPB CP-09 10 000 R 11.70 06/27/2016 06/27/2017 17.0 100.07 0.12 45 000 100.10 100.28 11.58 BB+/Ba2/BB+ FinancialsGPB CP-10 10 000 R 11.00 03/26/2016 03/29/2016 09/26/2017 2.0 20.0 98.76 100.17 BB+/Ba2/BB+ Financials

P5

CORPORATE BONDS

Ratings F/M/S


IssueAmount

outst., mln


PriceCoupon rate, %

Dates


pcsChange

Ruble Bonds


GPB CP-20 5 000 R 11.00 02/09/2016 02/11/2016 02/09/2018 0.5 24.5 99.50 0.50 1 99.00 100.10 25.70 10.51 0.03 BB+/Ba2/BB+ FinancialsGPB Ipoteka 879 R 8.00 03/29/2016 12/29/2036 251.2 FinancialsGPB Ipoteka2-1 607 R 7.50 01/29/2016 06/25/2041 305.1 FinancialsGPB-10 10 000 R 10.50 04/14/2016 04/18/2016 10/12/2017 2.7 20.5 85.01 BB+/Ba2/BB+ FinancialsGPB-11 10 000 R 10.50 04/14/2016 04/18/2016 10/10/2019 2.7 44.4 85.01 BB+/Ba2/BB+ FinancialsGPB-12 10 000 R 10.50 04/14/2016 04/18/2016 10/06/2022 2.7 80.3 85.01 BB+/Ba2/BB+ FinancialsGPB-1A 3 993 R 9.00 02/25/2016 04/27/2048 387.3 BB+/Ba2/BB+ FinancialsGPB-1B 1 996 R 3.00 02/25/2016 04/27/2048 387.3 BB+/Ba2/BB+ FinancialsGPB-6 10 000 R 9.70 07/07/2016 07/07/2016 5.3 99.30 (0.24) 113 99.30 100.19 11.64 9.72 0.40 BB+/Ba2/BB+ FinancialsGPB-7 10 000 R 11.00 04/18/2016 04/20/2016 10/17/2016 2.8 8.7 99.90 100.00 BB+/Ba2/BB+ FinancialsGSS CP-4 1 030 R 0.10 06/28/2016 07/01/2016 12/24/2019 5.1 46.9 87.35 (6.44) 82 93.41 94.59 37.92 0.11 0.31 BB-// IndustrialsGSS CP-5 3 000 R 16.40 05/26/2016 05/30/2017 05/21/2020 16.1 51.8 102.99 (0.03) 60 000 101.10 103.69 14.29 15.51 1.07 BB-// IndustrialsGSS-1 5 000 R 0.10 03/17/2016 03/26/2017 13.9 85.30 85.79 BB-// IndustrialsGT CP-2 900 R 17.00 03/28/2016 01/11/2017 03/26/2018 11.5 25.9 100.36 (0.64) 20 98.58 101.43 17.60 16.71 0.73 RetailGTLK CP-1 7 875 R 9.50 03/22/2016 09/18/2018 31.7 92.75 (0.07) 7 271 92.75 93.08 15.77 10.14 1.21 //B+ TransportationGTLK CP-2 3 500 R 9.50 03/24/2016 09/20/2018 31.8 92.82 0.11 31 056 92.75 93.20 15.69 10.14 1.21 //B+ TransportationGTLK CP-3 1 500 R 14.30 03/22/2016 12/23/2016 12/10/2024 10.9 106.5 //B+ TransportationGTLK CP-4 5 000 R 18.75 03/17/2016 03/22/2016 03/06/2025 1.8 109.3 100.80 (0.09) 5 000 100.55 100.83 13.38 18.23 0.12 //B+ TransportationGTLK CP-5 4 000 R 14.00 01/29/2016 11/02/2016 10/17/2025 9.2 116.7 100.50 0.50 101 99.95 100.50 13.97 13.48 0.62 //B+ TransportationGTLK CP-6 4 000 R 14.75 02/01/2016 11/01/2018 10/20/2025 33.2 116.8 101.40 0.27 6 000 100.65 101.40 14.89 14.07 1.95 //B+ TransportationGTLK CP-7 4 000 R 14.75 03/29/2016 12/29/2017 12/16/2025 23.1 118.7 100.84 0.21 21 270 100.60 101.00 15.01 14.46 1.47 //B+ TransportationGTLK-01 5 000 R 15.00 07/26/2016 01/28/2016 01/23/2018 0.0 23.9 99.99 0.15 2 339 99.90 99.99 15.57 15.00 1.55 //B+ TransportationGTLK-02 5 000 R 10.00 01/29/2016 02/02/2016 01/26/2018 0.2 24.0 99.95 (0.03) 3 887 99.85 99.99 16.57 15.57 9.54 0.01 //B+ TransportationHCFB CP-2 3 000 R 9.40 02/24/2016 02/24/2016 0.9 99.80 4 99.52 99.85 12.41 9.27 0.07 B+/B2/ FinancialsHCFinance-1 5 000 R 8.25 02/19/2016 11/27/2016 11/26/2021 10.0 70.0 99.99 B+/B2/ FinancialsHelicopters CP-02 5 000 R 8.75 05/26/2016 05/29/2017 11/16/2023 16.0 93.7 96.30 (0.70) 10 95.51 96.30 12.17 8.95 1.13 BB/Ba3/ IndustrialsHelicopters-01 5 000 R 8.25 04/22/2016 04/28/2016 04/20/2018 3.0 26.8 99.37 5 99.00 99.37 11.18 8.13 0.21 BB/Ba3/ IndustrialsHelicopters-02 10 000 R 8.25 04/22/2016 04/28/2016 04/20/2018 3.0 26.8 99.37 0.27 5 99.00 99.37 11.18 8.13 0.21 BB/Ba3/ IndustrialsHighway TC-1 7 500 R 13.45 03/31/2016 05/10/2030 171.5 ConstructionHighway TC-2 5 500 R 13.25 03/31/2016 06/19/2030 172.8 ConstructionHighway TC-3 11 250 R 14.10 05/09/2031 05/09/2031 183.5 ConstructionHMB Otkrytie CP-02 30 000 R 12.50 03/25/2016 09/27/2016 12/22/2017 8.0 22.8 /B2/B+ FinancialsHortex Finance CP-1 400 R 9.00 02/08/2016 08/11/2016 08/06/2018 6.5 30.3 ConstructionHorusFin CP-1 5 000 R 13.00 02/02/2016 07/30/2019 42.1 FinancialsHorusFin CP-2 5 000 R 13.00 02/18/2016 08/15/2019 42.6 FinancialsHorusFin-1 5 000 R 13.00 03/09/2016 03/06/2019 37.3 99.50 100.45 FinancialsHydromashs-3 3 000 R 10.10 02/02/2016 02/05/2016 01/30/2018 0.3 24.1 99.99 0.42 303 96.13 99.90 10.65 9.63 0.02 IndustrialsIA ATB 2-01 1 748 R 9.00 04/26/2016 10/01/2046 368.4 92.80 93.73 FinancialsIA ATB-01 650 R 8.75 04/26/2016 04/26/2045 351.2 94.90 95.85 FinancialsIA Europe 2012-1-01 702 R 8.00 03/20/2016 12/20/2043 335.0 95.09 FinancialsIA HFB-1-01 255 R 8.75 02/05/2016 05/05/2042 315.4 96.19 FinancialsIA ITB2014-A 1 726 R 9.00 02/03/2016 03/31/2047 374.3 FinancialsIA ITB2014-B 863 R 3.00 02/03/2016 03/31/2047 374.3 FinancialsIA NOMOS-01 1 383 R 8.75 02/07/2016 11/07/2045 357.6 94.63 95.49 FinancialsIA Uralsib 01-A 2 971 R 8.75 04/15/2016 04/15/2045 350.8 FinancialsIA VTB24-2-1 15 494 R 7.90 03/03/2016 03/03/2060 529.5 FinancialsIBA-Moscow-01 3 000 R 0.10 06/23/2016 06/23/2016 4.9 80.01 /B3/ FinancialsIDGC of N-W CP-1 5 000 R 12.42 06/03/2016 06/06/2018 05/23/2025 28.3 111.9 UtilitiesIFC-01 5 000 R 3.00 11/26/2016 11/26/2017 22.0 /Aaa/AAA FinancialsIFC-02 5 000 R 3.00 11/26/2016 11/26/2017 22.0 /Aaa/AAA FinancialsIFC-03 3 000 R 3.00 11/26/2016 11/26/2017 22.0 100.00 /Aaa/AAA FinancialsIFCSouz-2 10 000 R 2.00 06/23/2016 12/09/2027 142.5 RetailIFCSouz-3 20 000 R 14.00 08/02/2016 07/18/2028 149.8 RetailIIB-01 2 000 R 11.70 04/26/2016 10/27/2017 04/16/2024 21.0 98.7 BBB-// FinancialsIIB-02 3 000 R 13.25 04/27/2016 10/31/2016 04/16/2025 9.1 110.7 100.50 101.20 BBB-// FinancialsIIB-03 4 000 R 12.00 05/31/2016 06/02/2017 11/19/2024 16.2 105.8 99.50 100.20 BBB-// FinancialsIIB-04 0 R 11.90 05/19/2016 11/21/2017 11/06/2025 21.8 117.4 99.70 99.92 BBB-// FinancialsIMoneyBank-1 1 500 R 16.00 04/28/2016 05/03/2016 10/27/2016 3.2 9.0 97.00 99.98 FinancialsIngBank CP-05 10 000 R 12.00 03/02/2016 12/06/2016 05/27/2020 10.3 52.0 100.31 (0.03) 12 025 100.05 100.99 12.11 11.75 0.72 BBB-/Ba2/ FinancialsInteza CP-03 5 000 R 12.75 06/10/2016 06/16/2016 06/10/2018 4.6 28.4 100.09 349 000 100.00 100.39 12.77 12.53 0.33 BBB-/Ba2/ FinancialsInvestpro-1 5 000 R 13.00 07/20/2016 07/18/2018 29.7 FinancialsInvestpro-2 5 000 R 12.75 03/10/2016 09/06/2018 31.3 FinancialsInvestpro-3 5 000 R 12.25 04/19/2016 10/21/2016 10/13/2020 8.8 56.6 FinancialsInvTorgBank 1-IP 2 500 R 14.15 02/11/2016 08/15/2016 02/06/2020 6.6 48.4 /Caa3/ FinancialsIrkut CP-4 5 000 R 9.00 05/16/2016 11/14/2018 11/06/2023 33.6 93.4 92.30 0.30 1 949 89.53 92.50 12.71 9.57 2.20 /Ba3/ IndustrialsITB IP-1-01 563 R 8.75 02/03/2016 08/03/2045 354.4 96.77 97.66 FinancialsKamaz CP-04 3 000 R 12.10 05/30/2016 11/28/2018 11/23/2020 34.1 57.9 /Ba3/ IndustrialsKamaz CP-05 2 000 R 13.50 06/17/2016 06/21/2016 06/12/2020 4.8 52.5 95.28 /Ba3/ IndustrialsKamaz CP-12 5 000 R 11.24 02/04/2016 07/18/2030 173.8 /Ba3/ IndustrialsKIT FinansKap CP-1 1 000 R 10.00 04/27/2016 10/26/2016 9.0 FinancialsKIT FinansKap CP-2 2 000 R 10.00 06/23/2016 12/22/2016 10.8 FinancialsKIT FinansKap CP-3 2 000 R 8.00 06/06/2016 06/05/2017 16.3 95.15 FinancialsKIT FinansKap CP-4 2 100 R 8.00 03/09/2016 09/07/2016 09/04/2019 7.4 43.3 89.99 68 65.00 90.90 28.34 8.60 0.46 FinancialsKIT FinansKap CP-5 1 147 R 12.00 06/27/2016 12/29/2016 12/21/2020 11.1 58.8 FinancialsKIT FinansKap-4 1 450 R 9.00 03/30/2016 03/29/2017 14.0 FinancialsKrayInvB CP-2 1 500 R 14.00 04/26/2016 04/26/2016 3.0 80.61 99.61 //B FinancialsKrayInvB CP-3 2 000 R 15.00 03/13/2016 03/16/2016 09/13/2016 1.6 7.6 97.99 1.00 4 95.00 97.99 33.66 14.49 0.10 //B FinancialsKubanenergo-00R-2 3 400 R 12.63 05/24/2016 11/19/2019 11/11/2025 45.8 117.6 UtilitiesKubEn-01 0 R 10.44 06/03/2016 11/21/2025 117.9 UtilitiesKuzbassEnergo-1 10 000 R 11.00 06/20/2016 06/22/2017 06/14/2021 16.8 64.6 94.00 98.59 UtilitiesKuzbassEnergo-2 5 000 R 8.70 04/21/2016 04/26/2016 04/15/2021 3.0 62.6 99.22 0.41 552 97.80 98.99 12.38 8.57 0.21 UtilitiesLadyaF CP-02 3 000 R 12.00 05/06/2016 11/08/2017 10/29/2021 21.4 69.1 100.00 0.00 10 60.00 12.33 11.69 1.43 ConstructionLeasinGarant-1 500 R 13.00 06/13/2016 06/17/2016 12/11/2017 4.7 22.5 Financials

P5

CORPORATE BONDS

Ratings F/M/S


IssueAmount

outst., mln


PriceCoupon rate, %

Dates


pcsChange

Ruble Bonds


LenEnergo CP-1 3 000 R 8.25 04/13/2016 04/13/2016 2.5 99.15 (0.03) 630 99.15 99.20 12.63 8.13 0.19 /Ba2/ UtilitiesLenEnergo CP-5 2 400 R 13.00 07/20/2016 01/23/2017 07/09/2025 11.9 113.5 80.00 /Ba2/ UtilitiesLenEnergo-4 3 000 R 17.00 04/19/2016 04/22/2016 04/18/2017 2.8 14.7 100.84 0.04 2 118 100.02 101.08 13.30 16.13 0.20 /Ba2/ UtilitiesLenSpetsSMU-2 4 450 R 12.90 03/15/2016 12/12/2017 22.5 99.67 (0.03) 1 331 99.26 99.70 13.92 12.75 0.82 //B+ ConstructionLenta CP-3 5 000 R 12.40 02/04/2016 02/05/2018 07/24/2025 24.3 113.9 100.80 0.18 3 85.00 100.80 12.29 11.62 1.56 BB-/Ba3/BB- RetailLenta CP-6 5 000 R 12.40 03/10/2016 09/10/2018 08/28/2025 31.5 115.1 90.02 BB-/Ba3/BB- RetailLenta-01 3 000 R 10.00 03/08/2016 03/10/2016 03/03/2020 1.4 49.2 60.02 BB-/Ba3/BB- RetailLenta-02 3 000 R 10.00 03/08/2016 03/10/2016 03/03/2020 1.4 49.2 97.51 BB-/Ba3/BB- RetailLenta-03 4 000 R 10.00 03/01/2016 03/03/2016 02/25/2020 1.2 49.0 99.73 99.90 BB-/Ba3/BB- RetailLokoBank CP-02 4 000 R 17.00 02/11/2016 02/11/2016 0.5 98.00 100.16 B+/B2/ FinancialsLokoBank CP-05 4 000 R 14.00 07/19/2016 07/22/2016 07/17/2018 5.8 29.7 99.50 100.20 B+/B2/ FinancialsLokoBank CP-06 3 000 R 13.75 04/07/2016 04/12/2016 04/02/2020 2.5 50.2 B+/B2/ FinancialsLokoBank CP-07 3 000 R 14.50 04/04/2016 10/06/2016 09/22/2025 8.3 115.9 99.99 (0.01) 987 99.99 15.30 14.38 0.57 B+/B2/ FinancialsLR-Invest CP-2 5 000 R 10.00 06/22/2016 12/16/2020 58.7 100.00 0.00 2 000 10.24 9.91 3.58 ConstructionLR-Invest CP-3 5 000 R 10.00 04/26/2016 04/28/2016 04/20/2021 3.0 62.8 100.00 6 481 10.12 9.76 0.23 ConstructionLSR CP-4 1 002 R 10.15 04/06/2016 04/06/2016 2.3 99.46 (0.14) 1 095 99.06 99.69 13.26 9.90 0.17 B/B2/ ConstructionLSR-3 3 000 R 0.10 03/11/2016 03/17/2016 09/08/2017 1.6 19.4 80.00 B/B2/ ConstructionLSR-4 2 800 R 0.10 04/22/2016 04/28/2016 10/20/2017 3.0 20.8 80.00 98.00 B/B2/ ConstructionMA Absolut 1-01 3 770 R 9.20 02/12/2016 11/12/2040 297.7 FinancialsMA Absolut 2-1 3 926 R 8.90 02/12/2016 08/12/2041 306.7 94.00 FinancialsMA Absolut 3-1 4 390 R 10.10 03/11/2016 09/11/2042 319.7 FinancialsMA Absolut-1 35 281 R 9.00 03/07/2016 09/07/2057 499.7 FinancialsMA AKBARS-1 986 R 9.00 02/10/2016 05/10/2047 375.6 FinancialsMA AKBARS-2 493 R 3.00 02/10/2016 05/10/2047 375.6 FinancialsMA Eclips-1-1 4 529 R 8.75 03/09/2016 12/09/2047 382.6 FinancialsMA Eclips-1-2 0 R 03/09/2016 12/09/2047 382.6 FinancialsMA Fora2014-01 914 R 9.50 04/15/2016 10/15/2047 380.8 FinancialsMA HMB-2-A 3 578 R 9.00 02/27/2016 07/01/2047 377.4 FinancialsMA HMB-2-B 1 789 R 3.00 02/27/2016 07/01/2047 377.4 FinancialsMA KHMB-1-01 2 982 R 9.20 02/25/2016 08/25/2045 355.2 56.20 101.00 FinancialsMA KM-1 13 504 R 0.365 04/25/2016 06/30/2022 77.1 FinancialsMA MKB-1 2 257 R 10.65 03/07/2016 06/07/2039 280.5 FinancialsMA Moscow-1 12 000 R 7.00 03/17/2016 09/17/2028 151.8 FinancialsMA MTSB-1 2 145 R 10.50 02/26/2016 11/26/2041 310.2 FinancialsMA Open1-1 1 472 R 9.10 02/25/2016 02/25/2045 349.2 60.00 100.00 FinancialsMA Petrocom-1 2 474 R 8.75 03/09/2016 12/09/2046 370.6 91.77 92.61 FinancialsMA PSB 2013-01 1 379 R 8.50 02/09/2016 02/09/2040 288.6 94.28 94.80 FinancialsMA Pulsar-1-A 1 445 R 9.00 02/25/2016 04/25/2045 351.2 FinancialsMA Raiffeisen 01-01 1 536 R 7.85 03/20/2016 06/20/2040 293.0 FinancialsMA SB-2014-A 5 045 R 9.00 03/28/2016 12/28/2046 371.3 FinancialsMA SB-2014-B 2 523 R 3.00 03/28/2016 12/28/2046 371.3 FinancialsMA SOYUZ-1-A 2 335 R 11.00 03/28/2016 12/28/2041 311.2 FinancialsMA TFB1-1 1 763 R 11.00 03/26/2016 03/26/2047 374.2 FinancialsMA TKB-1-1 2 237 R 8.00 04/14/2016 10/14/2045 356.8 92.35 0.00 5 92.06 92.90 8.64 FinancialsMA Uralsib 02-A1 3 335 R 8.75 04/15/2016 07/15/2047 377.8 91.75 FinancialsMA Uralsib 02-A2 1 692 R 11.25 04/15/2016 07/15/2047 377.8 FinancialsMA Uralsib3-A 2 175 R 9.00 04/15/2016 10/15/2047 380.8 FinancialsMA Uralsib3-B 1 087 R 3.00 04/15/2016 10/15/2047 380.8 FinancialsMA VTB2013-1-1 25 937 R 7.90 03/04/2016 09/04/2053 451.6 FinancialsMA VTB-BM1-1 13 951 R 8.69 03/02/2016 03/02/2046 361.4 FinancialsMagnit CP-001P-01 10 000 R 11.20 05/11/2016 05/10/2017 15.4 99.61 0.00 700 051 99.61 99.75 11.83 10.99 1.08 //BB+ RetailMagnit CP-10 10 000 R 11.60 07/21/2016 07/26/2016 07/16/2020 6.0 53.7 100.00 (0.24) 12 345 100.00 100.30 11.93 11.58 0.43 //BB+ RetailMagnit CP-11 10 000 R 11.70 04/19/2016 04/18/2017 10/13/2020 14.7 56.6 100.00 11 100.01 100.99 12.00 11.34 1.02 //BB+ RetailMagnit CP-8 5 000 R 8.40 03/29/2016 03/29/2016 2.0 99.10 //BB+ RetailMagnit CP-9 5 000 R 8.40 03/29/2016 03/29/2016 2.0 98.00 //BB+ RetailMagnit-01 5 000 R 8.50 02/23/2016 02/23/2016 0.9 99.78 99.89 //BB+ RetailMagnit-02 5 000 R 12.10 05/13/2016 05/11/2018 27.5 85.01 //BB+ RetailMagnit-03 5 000 R 12.10 05/13/2016 05/11/2018 27.5 85.01 //BB+ RetailMainRoad-3 8 000 R 15.30 11/14/2016 10/30/2028 153.2 57.60 96.00 ConstructionMainRoad-6 8 173 R 17.50 12/07/2016 11/22/2028 154.0 ConstructionMainRoad-7 1 400 R 15.30 11/15/2016 10/30/2029 165.2 ConstructionMaritime Bank-01 1 500 R 12.00 03/09/2016 03/09/2016 1.4 60.00 99.84 /B3/ FinancialsMAV1-1 2 932 R 8.95 02/10/2016 08/10/2044 342.7 FinancialsMAV2-1 1 021 R 8.50 02/25/2016 08/25/2045 355.2 96.04 (0.13) 20 95.17 96.04 8.85 FinancialsMAV3-1 1 853 R 9.00 02/26/2016 10/26/2046 369.2 94.06 94.91 FinancialsMAV4-1 2 627 R 9.00 01/27/2016 01/27/2048 384.3 FinancialsMCB CP-10 5 000 R 12.25 07/10/2016 07/13/2016 07/10/2019 5.5 41.4 100.05 100.25 BB/B1/BB- FinancialsMCB CP-11 15 000 R 12.00 07/10/2016 07/13/2017 07/10/2019 17.5 41.4 99.90 100.18 BB/B1/BB- FinancialsMCB CP-6 5 000 R 12.25 04/24/2016 04/27/2017 10/24/2018 15.0 32.9 100.29 1 100.05 100.29 12.31 11.84 1.03 BB/B1/BB- FinancialsMCB CP-7 7 000 R 9.10 04/30/2016 11/02/2016 10/30/2018 9.2 33.1 97.95 0.10 100 011 97.85 98.20 12.30 9.09 0.66 BB/B1/BB- FinancialsMCB CP-9 3 000 R 15.00 03/25/2016 03/30/2016 03/25/2020 2.1 49.9 100.30 100.52 BB/B1/BB- FinancialsMCB-11 3 000 R 12.25 06/07/2016 06/05/2018 28.3 87.50 (0.49) 3 852 87.35 87.50 19.95 13.74 1.72 BB/B1/BB- FinancialsMCB-12 2 000 R 12.25 02/24/2016 08/22/2018 30.8 93.48 0.21 26 92.53 93.47 15.99 12.42 1.86 BB/B1/BB- FinancialsMechel-04 5 000 R 2.00 04/21/2016 07/21/2016 5.8 93.00 1.12 1 90.01 102.00 18.53 2.15 0.41 Metals & MiningMechel-13 5 000 R 15.00 03/01/2016 03/03/2016 08/25/2020 1.2 55.0 67.43 0.11 1 103 67.02 68.19 5183.13 20.42 0.00 Metals & MiningMechel-14 5 000 R 15.00 03/01/2016 03/03/2016 08/25/2020 1.2 55.0 67.74 (0.20) 7 67.04 67.90 4956.18 20.33 0.00 Metals & MiningMechel-15 5 000 R 8.00 02/16/2016 08/18/2016 02/09/2021 6.7 60.5 55.55 Metals & MiningMechel-16 5 000 R 8.00 02/16/2016 08/18/2016 02/09/2021 6.7 60.5 36.05 Metals & MiningMechel-17 5 000 R 8.40 06/02/2016 06/06/2016 05/27/2021 4.3 64.0 59.43 (0.14) 947 58.01 60.00 367.33 13.84 0.08 Metals & MiningMechel-18 5 000 R 8.40 06/02/2016 06/06/2016 05/27/2021 4.3 64.0 58.19 (0.62) 573 58.06 59.80 395.67 14.13 0.07 Metals & MiningMechel-19 5 000 R 8.40 06/07/2016 06/09/2016 06/01/2021 4.4 64.2 58.00 59.90 Metals & MiningMedved-2 1 000 R 15.00 02/22/2016 08/22/2016 6.8 100.00 0.00 150 60.10 15.84 14.62 0.47 FinancialsMegafon 05 10 000 R 9.85 04/07/2016 04/12/2016 09/29/2022 2.5 80.1 99.60 5 99.45 99.99 12.13 9.60 0.18 BB+/Ba1/BB+ Telecoms

P5

CORPORATE BONDS

Ratings F/M/S


IssueAmount

outst., mln


PriceCoupon rate, %

Dates


pcsChange

Ruble Bonds


Megafon 06 10 000 R 8.00 03/09/2016 03/13/2018 03/01/2023 25.5 85.1 93.77 0.44 200 000 93.30 93.80 11.72 8.26 1.72 BB+/Ba1/BB+ TelecomsMegafon 07 10 000 R 8.00 03/09/2016 03/13/2018 03/01/2023 25.5 85.1 93.00 1 91.81 12.18 8.33 1.71 BB+/Ba1/BB+ TelecomsMegafon CP-05 15 000 R 11.40 04/22/2016 10/24/2017 10/10/2025 20.9 116.5 100.05 0.05 50 000 99.95 100.35 11.66 11.07 1.41 BB+/Ba1/BB+ TelecomsMetalComB CP-6 1 500 R 11.00 03/10/2016 09/08/2016 7.4 90.00 99.00 /B2/ FinancialsMetalloinv CP-01 10 000 R 11.85 05/03/2016 10/29/2019 10/21/2025 45.1 116.9 80.01 BB/Ba2/BB Metals & MiningMetalloinv-02 5 000 R 8.90 02/05/2016 02/07/2018 01/27/2023 24.4 84.1 95.00 96.99 BB/Ba2/BB Metals & MiningMetalloinv-03 5 000 R 8.90 02/05/2016 02/07/2018 01/27/2023 24.4 84.1 94.50 97.00 BB/Ba2/BB Metals & MiningMetalloinvBank CP-02 2 000 R 13.50 05/26/2016 11/28/2016 05/21/2020 10.1 51.8 99.56 2 99.21 99.90 14.51 13.26 0.70 /B2/ FinancialsMFC Bank-01 1 500 R 15.50 04/26/2016 04/26/2016 3.0 95.00 100.00 /B3/ FinancialsMIA CP-2 1 500 R 15.00 03/18/2016 03/25/2016 03/07/2025 1.9 109.4 61.01 100.38 /Ba3/ FinancialsMIA CP-3 4 000 R 13.75 06/06/2016 06/13/2016 06/06/2017 4.5 16.3 100.20 101.00 /Ba3/ FinancialsMIA CP-5 1 500 R 14.50 05/06/2016 05/16/2016 11/06/2016 3.6 9.3 100.21 100.99 /Ba3/ FinancialsMIC CP-1 1 000 R 15.00 02/24/2016 02/19/2020 48.8 101.00 FinancialsMikoyan CP-01 2 000 R 14.00 01/29/2016 01/29/2016 0.1 99.96 (0.02) 55 99.81 99.98 19.30 13.10 0.01 RetailMInB-1 3 000 R 15.50 05/31/2016 11/24/2020 58.0 97.95 100.97 FinancialsMiratorg CP-3 5 000 R 11.25 04/19/2016 04/19/2016 2.7 99.52 99.90 B+// RetailMMK-19 5 000 R 8.50 07/21/2016 07/25/2016 07/13/2023 5.9 89.6 98.35 99.20 BB+/Ba3/ Metals & MiningMOESK CP-03 5 000 R 8.50 02/10/2016 02/10/2016 0.5 61.20 BB+/Ba2/BB- UtilitiesMOESK CP-04 5 000 R 11.00 03/24/2016 09/25/2017 09/12/2024 20.0 103.6 BB+/Ba2/BB- UtilitiesMOESK CP-07 7 000 R 13.20 05/04/2016 05/04/2016 04/23/2025 3.2 110.9 101.70 0.97 2 100.30 101.70 3.13 12.61 0.26 BB+/Ba2/BB- UtilitiesMordovcement-01 2 500 R 16.00 06/09/2016 06/09/2016 4.4 99.30 (0.11) 730 99.30 100.95 18.65 15.79 0.31 ConstructionMosenergo-2 5 000 R 8.25 02/18/2016 02/18/2016 0.7 98.70 BB+//BB UtilitiesMRSK Center CP-02 5 000 R 12.42 06/03/2016 06/05/2018 05/23/2025 28.3 111.9 //BB- UtilitiesMRSK Center CP-03 5 000 R 11.80 05/24/2016 11/21/2017 11/11/2025 21.8 117.6 //BB- UtilitiesMRSK Center CP-04 5 000 R 11.58 05/24/2016 11/19/2019 11/11/2025 45.8 117.6 //BB- UtilitiesMRSK South CP-2 5 000 R 13.50 03/14/2016 06/08/2020 52.4 60.00 UtilitiesMRSK Urala CP-01 3 000 R 8.40 01/28/2016 01/28/2016 0.0 99.92 (0.05) 12 298 99.90 99.97 24.71 8.07 0.00 /Ba2/ UtilitiesMRSK Urala CP-02 1 600 R 11.58 05/24/2016 11/19/2019 11/11/2025 45.8 117.6 /Ba2/ UtilitiesMSP Bank CP-1 3 000 R 10.00 02/19/2016 08/19/2016 6.7 /Ba2/BB+ FinancialsMSP Bank CP-2 3 000 R 10.00 02/19/2016 08/19/2016 6.7 /Ba2/BB+ FinancialsMSP Bank CP-3 4 000 R 8.25 05/26/2016 11/26/2016 10.0 97.45 35 000 90.01 97.44 11.84 8.35 0.73 /Ba2/BB+ FinancialsMSP Bank CP-4 5 000 R 8.25 05/26/2016 11/26/2016 10.0 59.01 /Ba2/BB+ FinancialsMSP Bank-1 5 000 R 14.00 03/24/2016 03/27/2017 03/17/2022 14.0 73.7 63.01 /Ba2/BB+ FinancialsMSP Bank-2 5 000 R 10.00 02/18/2016 08/22/2016 08/11/2022 6.8 78.5 /Ba2/BB+ FinancialsMTEB-01 1 500 R 14.50 03/01/2016 03/04/2016 08/31/2016 1.2 7.1 97.90 0.01 620 97.00 97.90 41.20 13.97 0.07 //B- FinancialsMTS CP-1 10 000 R 8.25 03/30/2016 04/02/2018 03/22/2023 26.2 85.8 93.21 100.10 BB+/Ba1/BB+ TelecomsMTS-3 10 000 R 10.00 06/14/2016 06/12/2018 28.5 85.01 136.00 BB+/Ba1/BB+ TelecomsMTS-5 15 000 R 8.75 07/19/2016 07/19/2016 5.7 98.83 98.95 BB+/Ba1/BB+ TelecomsMTS-7 10 000 R 8.70 05/10/2016 11/07/2017 21.4 95.99 (0.01) 2 410 95.82 96.00 11.54 8.89 1.49 BB+/Ba1/BB+ TelecomsMTS-8 15 000 R 10.75 05/10/2016 11/10/2016 11/03/2020 9.5 57.3 99.30 100.15 BB+/Ba1/BB+ TelecomsMultOrig MA1-A3 5 464 R 10.75 03/24/2016 12/24/2047 383.1 FinancialsNatioanlCap CP-5 3 000 R 11.50 03/18/2016 03/18/2016 1.7 FinancialsNatioanlCap CP-6 1 000 R 9.25 04/25/2016 04/22/2019 38.8 FinancialsNatioanlCap CP-7 1 000 R 9.25 04/25/2016 04/22/2019 38.8 FinancialsNatioanlCap CP-8 1 000 R 13.00 03/22/2016 03/28/2016 09/15/2020 2.0 55.7 FinancialsNationalCap-03 5 000 R 9.50 01/27/2016 07/25/2018 29.9 FinancialsNationalStand CP-1 1 500 R 14.50 06/11/2016 06/16/2016 06/11/2020 4.6 52.5 100.00 0.00 150 100.00 100.10 14.88 14.24 0.33 /B3/ FinancialsNationalStandF CP-2 3 000 R 14.00 07/18/2016 07/21/2016 07/18/2018 5.8 29.7 100.00 100.10 /B3/ FinancialsNDC-1 1 500 R 15.00 07/21/2016 01/25/2017 07/19/2018 12.0 29.7 FinancialsNFK Bank CP-2 2 000 R 14.00 04/17/2016 10/17/2016 8.7 /B3/B FinancialsNGPK-1 500 R 15.00 06/28/2016 06/29/2016 12/26/2017 5.1 23.0 Oil & GasNLMK CP-08 5 000 R 11.10 04/28/2016 10/30/2017 10/16/2025 21.1 116.7 99.81 180 001 99.61 100.50 11.51 10.83 1.43 BBB-/Ba1/BB+ Metals & MiningNLMK CP-11 5 000 R 8.00 01/28/2016 08/01/2016 07/20/2023 6.1 89.8 85.01 BBB-/Ba1/BB+ Metals & MiningNLMK CP-12 5 000 R 8.00 02/02/2016 08/04/2016 07/25/2023 6.2 89.9 98.10 98.50 BBB-/Ba1/BB+ Metals & MiningNLMK CP-13 5 000 R 8.05 04/11/2016 10/11/2017 10/02/2023 20.5 92.2 95.25 6 95.00 95.82 11.48 8.25 1.42 BBB-/Ba1/BB+ Metals & MiningNLMK CP-14 5 000 R 11.50 07/07/2016 07/11/2016 06/26/2025 5.5 113.0 BBB-/Ba1/BB+ Metals & MiningNLMK-07 5 000 R 10.00 03/14/2016 03/18/2016 09/05/2022 1.7 79.3 BBB-/Ba1/BB+ Metals & MiningNLMK-08 10 000 R 06/03/2016 11/25/2022 82.0 BBB-/Ba1/BB+ Metals & MiningNorNikel CP-1 10 000 R 7.90 02/25/2016 02/25/2016 1.0 99.75 0.00 5 155 99.72 99.75 11.15 7.67 0.07 BBB-/Ba1/BBB- Metals & MiningNorNikel CP-2 10 000 R 7.90 02/25/2016 02/25/2016 1.0 99.72 (0.03) 13 286 99.72 99.75 11.55 7.67 0.07 BBB-/Ba1/BBB- Metals & MiningNorNikel CP-4 15 000 R 7.90 02/25/2016 02/25/2016 1.0 99.74 0.01 37 469 99.72 99.75 11.28 7.67 0.07 BBB-/Ba1/BBB- Metals & MiningNotaB CP-01 1 500 R 13.50 04/14/2016 04/18/2016 10/13/2016 2.7 8.5 /C/ FinancialsNotaB CP-03 2 000 R 13.50 04/01/2016 04/01/2016 2.1 /C/ FinancialsNotaB CP-04 2 000 R 06/08/2016 06/06/2018 28.3 /C/ FinancialsNovicom CP-2 2 000 R 14.25 06/19/2016 06/21/2016 06/19/2018 4.8 28.7 96.07 (0.43) 10 95.00 96.50 26.63 14.61 0.31 B/B2/ FinancialsNovicom CP-5 3 000 R 14.25 06/17/2016 06/21/2016 06/12/2020 4.8 52.5 96.00 4.71 12 476 95.00 96.99 27.03 14.61 0.31 B/B2/ FinancialsNovikom CP-3 3 000 R 13.00 04/08/2016 04/08/2016 2.4 97.47 (0.99) 570 97.34 99.00 27.99 12.82 0.16 B/B2/ FinancialsNoyabrskaya PGE-1 300 R 8.50 05/17/2016 11/10/2020 57.5 Oil & GasO1Prop CP-01 15 000 R 13.00 04/08/2016 10/02/2020 56.2 97.30 100.20 ConstructionO1Prop-01 6 000 R 12.00 02/04/2016 08/09/2016 08/02/2018 6.4 30.2 95.04 532 93.01 94.00 23.81 11.91 0.40 ConstructionOAK-1 46 280 R 8.00 03/08/2016 03/17/2020 49.7 IndustrialsObKonditer CP-1 1 700 R 10.50 04/11/2016 04/13/2016 04/03/2023 2.5 86.2 B// RetailOboronProm-1 21 091 R 8.00 04/15/2016 04/24/2020 50.9 IndustrialsOboronProm-2 2 569 R 8.80 04/13/2016 04/17/2023 86.7 IndustrialsOboronProm-3 2 927 R 11.50 06/24/2016 06/26/2024 101.0 80.76 IndustrialsObrazovanie-1 1 400 R 14.50 05/29/2016 06/03/2016 05/31/2018 4.2 28.1 /B3/Obuvrus CP-4 1 000 R 11.50 03/11/2016 09/16/2016 09/06/2019 7.7 43.3 RetailObuvrus CP-6 1 000 R 13.80 03/10/2016 09/14/2017 09/03/2020 19.6 55.3 RetailOGK2 CP-PO1 5 000 R 11.50 05/24/2016 05/25/2018 11/17/2020 27.9 57.7 99.88 160 99.50 100.00 11.88 11.29 1.85 UtilitiesOGK2 CP-PO2 5 000 R 11.50 05/24/2016 05/25/2018 11/17/2020 27.9 57.7 60.31 100.10 UtilitiesOIZK-2 1 350 R 11.00 02/09/2016 02/07/2017 12.4 91.51 98.90 FinancialsOkey CP-04 5 000 R 8.90 04/12/2016 10/13/2016 10/09/2018 8.5 32.4 97.01 97.61 B+// RetailOkey CP-05 5 000 R 15.75 04/26/2016 04/28/2016 04/21/2020 3.0 50.8 100.49 (0.06) 10 000 100.35 100.55 13.87 15.08 0.22 B+// Retail

P5

CORPORATE BONDS

Ratings F/M/S


IssueAmount

outst., mln


PriceCoupon rate, %

Dates


pcsChange

Ruble Bonds


Okey-02 3 000 R 11.60 06/14/2016 12/12/2017 22.5 90.52 99.60 B+// RetailOtkritie FC CP-4 10 000 R 15.50 02/28/2016 03/03/2016 02/28/2017 1.2 13.1 100.20 (0.80) 60 844 70.08 13.20 14.54 0.08 /Ba3/BB- FinancialsOtkritieFC CP-5 12 000 R 11.95 07/02/2016 07/02/2016 5.2 99.01 100.07 /Ba3/BB- FinancialsOtkritieFC CP-6 12 000 R 12.30 04/08/2016 10/08/2016 8.4 98.02 /Ba3/BB- FinancialsOtkritieFC CP-7 5 000 R 12.25 07/21/2016 07/26/2016 01/13/2022 6.0 71.6 /Ba3/BB- FinancialsOtkritieFC CP-P01 2 000 R 12.20 04/12/2016 10/14/2016 04/07/2020 8.6 50.4 61.01 136.36 /Ba3/BB- FinancialsOtkritieFC CP-P02 2 000 R 15.25 04/12/2016 04/15/2016 04/07/2020 2.6 50.4 /Ba3/BB- FinancialsOtkritieFC-12 5 000 R 12.00 02/26/2016 08/31/2016 08/28/2017 7.1 19.0 99.00 100.50 /Ba3/BB- FinancialsOtkrytie CP-1 20 000 R 13.30 02/16/2016 02/18/2016 08/05/2025 0.7 114.3 100.00 FinancialsOtkrytie CP-2 7 000 R 12.50 05/05/2016 05/03/2018 27.2 60.00 100.00 FinancialsOtkrytie CP-3 27 000 R 12.50 01/27/2016 01/29/2016 07/26/2017 0.1 18.0 99.16 (0.39) 1 316 99.70 100.00 1941.27 11.87 0.00 FinancialsOtkrytie CP-4 25 000 R 13.00 04/14/2016 04/18/2016 10/12/2017 2.7 20.5 95.01 FinancialsOtkrytie CP-5 3 000 R 12.50 02/04/2016 08/08/2016 08/02/2018 6.4 30.2 60.50 100.50 FinancialsOtkrytie-2 5 000 R 14.00 06/23/2016 06/28/2016 12/22/2016 5.0 10.8 100.07 0.02 674 100.00 100.14 14.20 13.82 0.36 FinancialsOtkrytie-3 7 000 R 12.25 04/01/2016 09/29/2017 20.1 96.01 100.00 FinancialsOtkrytie-4 5 000 R 12.50 03/23/2016 03/28/2016 12/20/2017 2.0 22.8 95.01 100.07 FinancialsOtkrytie-5 5 000 R 12.00 02/09/2016 05/08/2018 27.4 99.50 0.50 999 98.00 99.10 12.83 11.76 1.75 FinancialsOtkrytie-6 5 000 R 12.50 02/11/2016 08/16/2016 08/09/2018 6.6 30.4 99.99 0.09 27 99.01 99.99 13.10 12.19 0.46 FinancialsPeresvet CP-1 3 000 R 14.50 04/03/2016 07/07/2016 10/07/2017 5.3 20.4 99.75 1 99.60 99.75 15.94 14.40 0.37 //B+ FinancialsPeresvet CP-2 3 000 R 14.00 03/03/2016 09/07/2016 09/06/2017 7.4 19.3 99.78 0.00 1 99.21 99.78 15.15 13.74 0.50 //B+ FinancialsPeresvet CP-3 4 000 R 14.00 04/17/2016 07/21/2016 07/24/2018 5.8 29.9 100.25 5 000 99.51 100.30 14.13 13.91 0.41 //B+ FinancialsPeresvet CP-4 3 000 R 17.00 04/19/2016 04/22/2016 04/25/2018 2.8 26.9 100.31 (0.19) 1 587 100.25 100.50 16.50 16.89 0.20 //B+ FinancialsPeresvet CP-P1 5 000 R 13.50 03/09/2016 09/02/2020 55.2 //B+ FinancialsPeresvet CP-P2 3 500 R 13.50 04/22/2016 10/24/2018 10/16/2020 32.9 56.7 99.50 100.00 //B+ FinancialsPeresvet CP-P3 1 100 R 13.25 05/13/2016 05/17/2017 11/06/2020 15.6 57.4 //B+ FinancialsPeresvet-3 2 000 R 13.25 06/21/2016 06/22/2017 16.8 100.00 0.49 1 99.50 100.00 13.66 13.08 1.16 //B+ FinancialsPetrokommerce CP-4 5 000 R 11.95 06/25/2016 12/27/2016 12/25/2019 11.0 46.9 100.00 136.36 FinancialsPetrokommerce-7 5 000 R 11.95 04/26/2016 04/28/2016 10/28/2018 3.0 33.0 99.01 FinancialsPGK-1 5 000 R 12.70 03/29/2016 10/01/2018 09/16/2025 32.2 115.7 100.00 101.45 BB+// TransportationPGK-2 5 000 R 12.00 04/27/2016 10/29/2019 10/15/2025 45.1 116.7 BB+// TransportationPGK-3 5 000 R 11.80 05/05/2016 11/06/2020 10/23/2025 57.4 116.9 100.30 0.00 10 000 60.42 12.05 11.46 3.29 BB+// TransportationPGK-5 10 000 R 12.70 04/14/2016 04/17/2019 10/02/2025 38.7 116.3 100.01 101.45 BB+// TransportationPharmacy 36.6 CP-02 1 000 R 15.00 06/21/2016 06/21/2016 4.8 100.76 0.11 398 100.41 100.80 13.33 14.68 0.36 Health CarePharmacy 36.6 CP-03 2 000 R 14.50 05/25/2016 05/23/2018 27.8 100.00 100.99 Health CarePIA AIZHK-1 688 R 6.94 02/15/2016 02/15/2039 276.8 FinancialsPIK GC CP-04 5 000 R 14.25 02/19/2016 08/22/2018 08/08/2025 30.8 114.4 98.50 99.10 ConstructionPIK GC CP-05 5 000 R 14.25 02/19/2016 08/22/2018 08/08/2025 30.8 114.4 ConstructionPIK GC CP-06 5 000 R 14.25 02/19/2016 08/22/2018 08/08/2025 30.8 114.4 ConstructionPIONEER-1 2 000 R 18.00 04/27/2016 10/26/2016 9.0 101.31 (0.69) 30 100.05 102.94 16.59 17.02 0.61 //B- ConstructionPKB-07 1 000 R 15.00 04/20/2016 01/16/2019 35.7 //B- FinancialsPKB-08 1 500 R 17.00 04/21/2016 04/19/2018 26.7 100.60 3 99.00 100.60 17.58 16.86 1.13 //B- FinancialsPolyplast CP-1 1 000 R 15.50 04/12/2016 04/14/2017 04/09/2019 14.6 38.4 98.00 99.01 ChemicalsPolyplast CP-2 500 R 15.90 06/08/2016 06/06/2018 28.3 ChemicalsPolyus Gold CP-1 5 000 R 12.10 07/14/2016 07/15/2021 07/03/2025 65.6 113.3 100.50 101.00 BBB-//BB+ Metals & MiningPolyus Gold CP-2 5 000 R 12.10 07/14/2016 07/15/2021 07/03/2025 65.6 113.3 100.00 101.50 BBB-//BB+ Metals & MiningPolyus Gold CP-3 5 000 R 12.10 07/14/2016 07/15/2021 07/03/2025 65.6 113.3 BBB-//BB+ Metals & MiningPowMach CP-01 5 000 R 12.30 04/27/2016 10/31/2018 10/15/2025 33.1 116.7 101.40 82 100.01 101.39 12.01 11.78 2.10 /Ba2/ IndustrialsPowMach CP-02 5 000 R 12.30 04/27/2016 10/31/2018 10/15/2025 33.1 116.7 100.31 101.39 /Ba2/ IndustrialsPowMach-02 10 000 R 8.10 04/07/2016 10/13/2016 09/28/2023 8.5 92.1 98.00 0.00 5 94.71 98.00 11.44 8.06 0.61 /Ba2/ IndustrialsPravourmiyskoe-01 3 000 R 9.00 08/26/2016 12/26/2019 47.0 100.00 0.00 390 99.40 100.35 9.17 8.93 3.09 Metals & MiningPrimeF CP-01 5 000 R 13.00 05/23/2016 11/24/2016 11/10/2025 9.9 117.5 RetailPrimeF-1 11 750 R 12.00 07/19/2016 07/19/2016 5.7 97.99 0.00 1 97.99 17.19 12.22 0.41 RetailPrimeF-1 USD 360 $ 9.00 05/27/2016 06/02/2016 05/22/2020 4.2 51.8 RetailPrInvFin CP-01 5 000 R 10.00 06/23/2016 12/17/2020 58.7 100.00 0.00 45 670 10.25 9.91 3.59 FinancialsPrInvFin CP-02 5 000 R 10.00 07/26/2016 01/26/2017 01/19/2021 12.0 59.8 FinancialsPromnefteservice CP-1 5 000 R 05/26/2016 11/21/2019 45.8 0.01 95.00 RetailPromsvB CP-6 5 000 R 12.30 04/02/2016 10/05/2016 10/02/2019 8.3 44.2 100.10 /Ba3/BB- FinancialsPromsvB-13 5 000 R 12.25 02/04/2016 02/01/2018 24.2 98.99 (0.01) 1 704 773 99.00 13.24 11.69 1.54 /Ba3/BB- FinancialsRaiffeisen CP-02 6 000 R 11.35 03/11/2016 06/11/2018 28.5 BBB-/Ba2/ FinancialsRaiffeisenBank CP-4 10 000 R 11.40 03/22/2016 09/26/2016 09/22/2017 8.0 19.9 BBB-/Ba2/ FinancialsRazgulyayMar-1 4 000 R 11.30 02/04/2016 08/10/2016 07/30/2020 6.4 54.1 AgricultureRBC-Finance CP-1 3 000 R 13.50 06/27/2016 12/28/2017 12/21/2020 23.0 58.8 100.25 100 001 100.05 100.50 13.78 13.32 1.52 RetailReagion Capital CP-1 2 000 R 13.00 06/15/2016 06/17/2016 12/13/2017 4.7 22.6 FinancialsReagion Capital CP-2 2 000 R 20.00 07/21/2016 07/25/2016 01/18/2018 5.9 23.7 100.06 FinancialsReagion Capital CP-3 2 000 R 20.00 07/21/2016 07/25/2016 01/18/2018 5.9 23.7 100.06 FinancialsReagion Capital CP-4 2 000 R 14.50 07/12/2016 01/12/2017 07/10/2018 11.5 29.4 FinancialsReagion Capital CP-5 2 000 R 14.50 07/12/2016 01/12/2017 07/10/2018 11.5 29.4 FinancialsReagion Capital-1 2 000 R 18.00 04/25/2016 04/26/2016 10/23/2017 3.0 20.9 100.05 FinancialsRegionInvest CP-1 5 000 R 13.50 07/26/2016 01/29/2016 07/19/2022 0.1 77.8 100.00 95 000 99.90 100.25 13.50 FinancialsRegionInvest CP-2 10 000 R 13.75 07/20/2016 07/22/2016 01/12/2021 5.8 59.6 99.90 100.25 FinancialsRegionInvest-1 3 000 R 10.50 03/17/2016 09/12/2019 43.5 99.90 100.25 FinancialsRemputmash-1 2 300 R 8.50 04/21/2016 10/20/2016 8.8 IndustrialsRenCap CP-5 3 000 R 12.85 01/30/2016 08/05/2016 07/30/2018 6.3 30.1 91.06 99.98 /B2/B- FinancialsRenovaStr CP-1 3 000 R 12.75 05/24/2016 11/22/2016 9.9 92.51 (1.94) 2 917 92.00 94.45 24.47 13.46 0.64 //B- ConstructionRenovaStr CP-2 3 000 R 15.00 03/22/2016 03/23/2017 09/18/2018 13.8 31.7 97.70 100.60 //B- ConstructionRESO-Gar 02 5 000 R 14.00 03/22/2016 03/25/2016 09/13/2022 1.9 79.6 61.01 100.27 //BB FinancialsRESO-Gar 03 3 000 R 9.20 04/01/2016 04/06/2016 03/24/2023 2.3 85.9 59.62 99.30 //BB FinancialsRESO-L CP-1 2 500 R 10.40 03/31/2016 10/03/2016 09/21/2023 8.2 91.9 //BB- FinancialsRESO-L CP-3 3 000 R 13.75 04/15/2016 10/19/2016 10/03/2025 8.7 116.3 //BB- FinancialsRESO-L CP-4 3 000 R 13.25 05/12/2016 11/14/2017 10/30/2025 21.6 117.2 //BB- FinancialsRESO-L-1 2 500 R 13.00 02/17/2016 02/17/2016 0.7 //BB- FinancialsRFA-Invest-03 1 785 R 12.00 02/24/2016 02/24/2016 0.9 ConstructionRFFBB01 10 000 R 10.00 04/29/2016 11/01/2016 10/29/2018 9.2 33.1 97.00 515 14.75 10.06 0.64 BBB-/Ba2/ Financials

P5

CORPORATE BONDS

Ratings F/M/S


IssueAmount

outst., mln


PriceCoupon rate, %

Dates


pcsChange

Ruble Bonds


RGS Mortgage -1 3 200 R 13.50 06/03/2016 06/07/2016 06/02/2017 4.3 16.2 ConstructionRGS Mortgage CP-01 2 000 R 13.50 04/20/2016 04/22/2016 10/18/2017 2.8 20.7 ConstructionRGS Mortgage CP-03 3 000 R 13.50 04/21/2016 04/25/2016 10/19/2017 2.9 20.7 ConstructionRGS Mortgage CP-04 3 000 R 13.50 06/13/2016 06/15/2016 12/11/2017 4.6 22.5 ConstructionRGS Mortgage CP-P01 5 000 R 13.50 04/25/2016 04/29/2016 10/19/2020 3.1 56.8 ConstructionRGS Mortgage CP-P02 3 000 R 13.50 07/26/2016 07/29/2016 10/19/2020 6.0 56.8 100.00 3 000 000 13.96 13.50 0.44 ConstructionRisland-1 6 100 R 9.25 07/14/2016 01/10/2019 35.5 FinancialsRMBNB CP-1 2 300 R 13.50 05/14/2016 05/20/2016 11/14/2016 3.7 9.6 97.60 6 000 97.55 99.00 23.14 13.46 0.24 /B3/ FinancialsRMK-4 5 000 R 14.50 06/02/2016 06/02/2016 4.2 Metals & MiningRosbank BSO-09 650 R 0.01 02/26/2016 02/26/2017 02/26/2025 13.0 109.1 BBB-/Ba2/ FinancialsRosBank CP-5 5 000 R 8.80 01/31/2016 01/31/2016 0.1 BBB-/Ba2/ FinancialsRosBank CP-6 5 000 R 8.80 01/30/2016 01/30/2016 0.1 BBB-/Ba2/ FinancialsRosBank CP-7 10 000 R 8.55 03/01/2016 03/01/2016 1.1 99.72 0.04 101 790 99.75 100.00 11.69 8.29 0.09 BBB-/Ba2/ FinancialsRosBank-A7 10 000 R 11.60 04/01/2016 04/07/2017 10/07/2024 14.3 104.4 100.19 0.15 30 001 100.00 100.25 11.71 11.16 0.99 BBB-/Ba2/ FinancialsRosBank-A8 10 000 R 11.80 03/23/2016 09/29/2016 09/29/2025 8.1 116.2 100.00 100.30 BBB-/Ba2/ FinancialsRosCap CP-01 8 000 R 9.00 03/08/2016 09/06/2016 7.3 BB-// FinancialsRosCap CP-02 10 000 R 10.50 05/27/2016 11/29/2016 11/22/2019 10.1 45.9 100.00 3 000 000 10.74 10.32 0.73 BB-// FinancialsRosCap CP-03 3 000 R 10.50 07/21/2016 01/23/2017 01/16/2020 11.9 47.7 BB-// FinancialsRosCap CP-04 4 000 R 10.50 07/25/2016 01/27/2016 01/20/2020 0.0 47.8 BB-// FinancialsRoseximbank-1 5 000 R 12.10 05/24/2016 11/25/2016 11/11/2025 10.0 117.6 100.25 743 100.05 100.25 12.07 11.82 0.71RosgosStrah-2 5 000 R 9.10 05/05/2016 11/08/2016 11/02/2017 9.4 21.2 97.09 97.79 //BB- FinancialsRosnano-1 8 000 R 8.90 06/22/2016 12/20/2017 22.8 99.70 //BB- FinancialsRosnano-2 10 000 R 8.90 06/22/2016 12/20/2017 22.8 83.01 //BB- FinancialsRosnano-3 15 000 R 8.90 06/22/2016 12/20/2017 22.8 83.01 100.00 //BB- FinancialsRosnano-4 10 000 R 18.30 04/13/2016 04/10/2019 38.4 103.20 (0.01) 58 102.51 103.20 16.88 //BB- FinancialsRosnano-5 10 000 R 18.30 04/13/2016 04/10/2019 38.4 102.05 (0.40) 36 102.12 103.25 17.06 //BB- FinancialsRosnano-6 9 000 R 12.50 04/21/2016 10/13/2022 80.6 81.52 //BB- FinancialsRosneft CP-01 15 000 R 8.90 02/16/2016 02/14/2019 02/06/2024 36.6 96.4 /Ba1/BB+ Oil & GasRosneft CP-02 15 000 R 11.90 06/09/2016 12/11/2017 11/28/2024 22.5 106.1 /Ba1/BB+ Oil & GasRosneft CP-03 15 000 R 11.90 06/09/2016 12/11/2017 11/28/2024 22.5 106.1 /Ba1/BB+ Oil & GasRosneft CP-04 15 000 R 11.90 06/09/2016 12/11/2017 11/28/2024 22.5 106.1 /Ba1/BB+ Oil & GasRosneft CP-05 20 000 R 7.95 06/20/2016 12/19/2018 12/11/2023 34.8 94.5 /Ba1/BB+ Oil & GasRosneft CP-06 20 000 R 7.95 06/20/2016 12/19/2018 12/11/2023 34.8 94.5 /Ba1/BB+ Oil & GasRosneft CP-07 20 000 R 8.90 02/16/2016 02/14/2019 02/06/2024 36.6 96.4 /Ba1/BB+ Oil & GasRosneft CP-08 20 000 R 11.90 06/09/2016 12/11/2017 11/28/2024 22.5 106.1 /Ba1/BB+ Oil & GasRosneft CP-09 20 000 R 11.90 06/09/2016 12/11/2017 11/28/2024 22.5 106.1 /Ba1/BB+ Oil & GasRosneft CP-10 20 000 R 11.90 06/09/2016 12/11/2017 11/28/2024 22.5 106.1 /Ba1/BB+ Oil & GasRosneft CP-11 30 000 R 11.90 06/09/2016 12/11/2017 11/28/2024 22.5 106.1 /Ba1/BB+ Oil & GasRosneft CP-12 30 000 R 11.90 06/09/2016 12/11/2017 11/28/2024 22.5 106.1 /Ba1/BB+ Oil & GasRosneft CP-13 30 000 R 11.90 06/09/2016 12/11/2017 11/28/2024 22.5 106.1 /Ba1/BB+ Oil & GasRosneft CP-14 30 000 R 11.90 06/09/2016 12/11/2017 11/28/2024 22.5 106.1 /Ba1/BB+ Oil & GasRosneft CP-15 175 000 R 13.40 03/10/2016 12/14/2017 12/03/2020 22.6 58.3 /Ba1/BB+ Oil & GasRosneft CP-16 100 000 R 13.40 03/10/2016 12/14/2017 12/03/2020 22.6 58.3 /Ba1/BB+ Oil & GasRosneft CP-17 100 000 R 13.40 03/10/2016 12/14/2017 12/03/2020 22.6 58.3 /Ba1/BB+ Oil & GasRosneft CP-18 100 000 R 11.10 04/25/2016 02/01/2016 01/18/2021 0.2 59.8 /Ba1/BB+ Oil & GasRosneft CP-19 50 000 R 11.10 04/25/2016 02/01/2016 01/18/2021 0.2 59.8 /Ba1/BB+ Oil & GasRosneft CP-20 50 000 R 11.10 04/25/2016 02/01/2016 01/18/2021 0.2 59.8 /Ba1/BB+ Oil & GasRosneft CP-21 50 000 R 11.10 04/25/2016 02/01/2016 01/18/2021 0.2 59.8 /Ba1/BB+ Oil & GasRosneft CP-22 50 000 R 11.10 04/25/2016 02/01/2016 01/18/2021 0.2 59.8 /Ba1/BB+ Oil & GasRosneft CP-23 50 000 R 11.10 04/25/2016 02/01/2016 01/18/2021 0.2 59.8 /Ba1/BB+ Oil & GasRosneft CP-24 25 000 R 13.40 03/10/2016 12/14/2017 12/03/2020 22.6 58.3 /Ba1/BB+ Oil & GasRosneft CP-25 25 000 R 11.10 04/25/2016 02/01/2016 01/18/2021 0.2 59.8 /Ba1/BB+ Oil & GasRosneft CP-26 25 000 R 11.10 04/25/2016 02/01/2016 01/18/2021 0.2 59.8 /Ba1/BB+ Oil & GasRosneft-04 10 000 R 8.60 04/25/2016 10/27/2017 10/17/2022 21.0 80.7 96.10 96.25 /Ba1/BB+ Oil & GasRosneft-05 10 000 R 8.60 04/25/2016 10/27/2017 10/17/2022 21.0 80.7 95.50 96.67 /Ba1/BB+ Oil & GasRosneft-06 10 000 R 7.95 06/07/2016 06/11/2018 05/30/2023 28.5 88.1 92.79 (0.86) 270 024 92.76 11.85 8.47 1.94 /Ba1/BB+ Oil & GasRosneft-07 15 000 R 8.00 03/18/2016 03/22/2018 03/10/2023 25.8 85.4 93.01 94.00 /Ba1/BB+ Oil & GasRosneft-08 15 000 R 8.00 03/18/2016 03/22/2018 03/10/2023 25.8 85.4 93.10 94.98 /Ba1/BB+ Oil & GasRosneft-09 15 000 R 7.95 06/07/2016 06/11/2018 05/30/2023 28.5 88.1 92.78 240 005 92.79 93.75 11.85 8.47 1.94 /Ba1/BB+ Oil & GasRosneft-10 15 000 R 7.95 06/07/2016 06/11/2018 05/30/2023 28.5 88.1 93.25 78 967 92.50 94.98 11.60 8.43 1.94 /Ba1/BB+ Oil & GasRosseti CP-01 5 000 R 11.90 06/20/2016 06/17/2020 06/09/2025 52.7 112.5 /Ba1/ UtilitiesRosseti CP-04 10 000 R 11.85 06/06/2016 06/06/2018 05/26/2025 28.3 112.0 100.20 100.50 /Ba1/ UtilitiesRosseti CP-05 10 000 R 11.25 05/27/2016 11/22/2019 11/14/2025 45.9 117.7 /Ba1/ UtilitiesRosseti CP-06 0 R 10.29 06/07/2016 10/31/2045 357.4 /Ba1/ UtilitiesRossium CP-01 10 000 R 13.50 05/27/2016 12/01/2017 11/14/2025 22.2 117.7 //B-Rossium-01 0 R 13.50 03/28/2016 09/29/2017 09/15/2025 20.1 115.7 100.00 //B-RosTelecom CP-01 5 000 R 11.70 05/27/2016 05/30/2017 05/16/2025 16.1 111.7 100.52 43 635 99.71 101.39 11.56 11.42 1.12 BBB-//BB+ TelecomsRosTelecom CP-02 5 000 R 11.70 05/31/2016 06/01/2017 05/20/2025 16.1 111.8 BBB-//BB+ TelecomsRosTelecom-15 5 000 R 8.20 01/27/2016 01/24/2018 23.9 93.21 99.49 BBB-//BB+ TelecomsRosTelecom-16 5 000 R 10.50 06/09/2016 06/07/2018 28.3 BBB-//BB+ TelecomsRosTelecom-17 10 000 R 10.50 05/05/2016 11/02/2017 21.2 BBB-//BB+ TelecomsRosTelecom-18 10 000 R 8.20 01/27/2016 01/24/2018 23.9 93.51 96.00 BBB-//BB+ TelecomsRosTelecom-19 10 000 R 8.10 03/08/2016 03/15/2016 03/06/2018 1.6 25.3 60.01 99.98 BBB-//BB+ TelecomsRSHB CP-04 5 000 R 12.50 06/24/2016 06/28/2016 06/23/2017 5.0 16.9 100.01 105.00 BB+/Ba2/ FinancialsRSHB CP-07 10 000 R 12.50 06/22/2016 06/24/2016 06/21/2017 4.9 16.8 100.30 0.03 8 785 100.20 100.75 11.99 12.32 0.36 BB+/Ba2/ FinancialsRSHB CP-08 10 000 R 15.00 02/10/2016 02/07/2020 01/29/2025 48.4 108.2 86.01 BB+/Ba2/ FinancialsRSHB CP-09 10 000 R 11.70 01/29/2016 10/31/2017 10/17/2025 21.1 116.7 99.85 (0.15) 22 670 99.81 99.85 12.33 11.40 1.39 BB+/Ba2/ FinancialsRSHB CP-13 5 000 R 11.10 04/08/2016 10/08/2019 09/27/2024 44.4 104.1 BB+/Ba2/ FinancialsRSHB CP-14 5 000 R 11.10 04/11/2016 10/09/2019 09/30/2024 44.4 104.2 BB+/Ba2/ FinancialsRSHB CP-15 5 000 R 11.80 03/25/2016 06/27/2017 12/13/2024 17.0 106.6 BB+/Ba2/ FinancialsRSHB CP-17 5 000 R 15.25 02/25/2016 02/29/2016 02/13/2025 1.1 108.7 BB+/Ba2/ FinancialsRSHB-03 10 000 R 8.15 02/11/2016 02/15/2016 02/09/2017 0.6 12.5 99.89 0.09 3 103 99.80 99.94 10.81 7.87 0.04 BB+/Ba2/ FinancialsRSHB-04 10 000 R 12.35 03/30/2016 03/31/2017 09/27/2017 14.1 20.0 100.54 623 905 100.20 101.25 12.15 11.81 0.97 BB+/Ba2/ Financials

P5

CORPORATE BONDS

Ratings F/M/S


IssueAmount

outst., mln


PriceCoupon rate, %

Dates


pcsChange

Ruble Bonds


RSHB-05 10 000 R 12.50 05/31/2016 06/02/2016 11/27/2018 4.2 34.0 90.01 136.00 BB+/Ba2/ FinancialsRSHB-06 5 000 R 11.90 02/12/2016 08/16/2016 02/09/2018 6.6 24.5 90.01 BB+/Ba2/ FinancialsRSHB-07 5 000 R 11.55 06/07/2016 06/08/2017 06/05/2018 16.4 28.3 100.15 1 000 99.75 100.15 11.73 11.36 1.15 BB+/Ba2/ FinancialsRSHB-08 5 000 R 13.00 05/19/2016 05/23/2016 11/14/2019 3.8 45.6 90.01 100.68 BB+/Ba2/ FinancialsRSHB-09 5 000 R 13.00 05/19/2016 05/23/2016 11/14/2019 3.8 45.6 96.00 100.45 BB+/Ba2/ FinancialsRSHB-10 5 000 R 18.50 02/03/2016 02/05/2016 01/29/2020 0.3 48.1 100.42 0.45 215 100.01 100.79 16.94 BB+/Ba2/ FinancialsRSHB-11 5 000 R 18.50 02/04/2016 02/08/2016 01/30/2020 0.4 48.1 100.79 0.41 373 99.02 100.79 16.89 BB+/Ba2/ FinancialsRSHB-12 5 000 R 12.40 07/07/2016 01/11/2017 07/01/2021 11.5 65.2 BB+/Ba2/ FinancialsRSHB-13 5 000 R 12.40 07/08/2016 01/11/2017 07/02/2021 11.5 65.2 92.02 100.79 BB+/Ba2/ FinancialsRSHB-14 10 000 R 12.40 07/05/2016 01/10/2017 06/29/2021 11.5 65.1 99.30 101.39 BB+/Ba2/ FinancialsRSHB-15 10 000 R 13.00 05/03/2016 05/05/2016 10/26/2021 3.3 69.0 100.30 0.03 2 250 100.23 100.63 12.00 12.59 0.24 BB+/Ba2/ FinancialsRSHB-16 10 000 R 14.75 04/11/2016 04/13/2016 04/04/2022 2.5 74.3 100.61 0.11 2 900 100.41 100.65 11.78 14.06 0.19 BB+/Ba2/ FinancialsRSHB-17 10 000 R 12.05 04/19/2016 10/20/2016 10/11/2022 8.8 80.5 100.17 0.39 359 500 99.12 100.20 12.08 11.65 0.63 BB+/Ba2/ FinancialsRSHB-18 5 000 R 12.15 04/21/2016 04/24/2017 10/13/2022 14.9 80.6 100.40 152 90.00 100.49 12.10 11.73 1.03 BB+/Ba2/ FinancialsRSHB-20 10 000 R 7.99 04/19/2016 04/21/2016 04/11/2023 2.8 86.5 91.75 99.16 BB+/Ba2/ FinancialsRSHB-21 10 000 R 12.10 07/26/2016 07/28/2016 07/18/2023 6.0 89.7 100.10 0.50 50 004 96.01 12.24 12.09 0.44 BB+/Ba2/ FinancialsRSHB-22 5 000 R 7.90 03/28/2016 09/28/2016 09/18/2023 8.1 91.8 90.01 BB+/Ba2/ FinancialsRSHB-23 5 000 R 8.10 05/20/2016 11/22/2016 11/10/2023 9.9 93.5 97.08 (0.16) 3 96.75 97.25 12.29 8.22 0.71 BB+/Ba2/ FinancialsRSHB-24 10 000 R 12.60 04/22/2016 07/11/2025 113.5 BB+/Ba2/ FinancialsRSHB-25 10 000 R 12.60 04/25/2016 07/14/2025 113.6 90.00 BB+/Ba2/ FinancialsRSHB-26 10 000 R 12.60 04/26/2016 07/15/2025 113.7 96.00 BB+/Ba2/ FinancialsRSHB-27 5 000 R 12.87 03/29/2016 12/21/2021 70.8 BB+/Ba2/ FinancialsRTK Leasing CP-2 1 000 R 0.00 06/03/2016 06/01/2018 28.1 FinancialsRTK-2 20 000 R 8.00 07/20/2017 07/26/2017 07/08/2027 18.0 137.4 FinancialsRTK-3 5 000 R 11.00 01/16/2017 01/20/2017 01/04/2027 11.8 131.3 FinancialsRTK-4 10 000 R 12.00 08/31/2016 09/06/2016 08/18/2027 7.3 138.8 FinancialsRUSAL Bratsk-7 15 000 R 12.00 02/25/2016 02/29/2016 02/22/2018 1.1 24.9 99.72 1.82 194 99.80 100.00 15.75 11.46 0.07 Metals & MiningRUSAL Bratsk-8 15 000 R 12.00 04/11/2016 04/12/2017 04/05/2021 14.5 62.3 97.58 (1.72) 8 98.55 99.99 14.71 11.87 0.98 Metals & MiningRusFinB CP-04 3 000 R 11.80 05/24/2016 11/29/2016 11/24/2020 10.1 58.0 99.95 120 000 99.50 12.16 11.57 0.72 BBB-/Ba2/BB+ FinancialsRusFinB CP-07 4 000 R 13.90 04/24/2016 04/26/2017 04/24/2018 15.0 26.9 62.31 102.80 BBB-/Ba2/BB+ FinancialsRusFinB CP-08 4 000 R 10.75 06/10/2016 12/14/2016 06/10/2019 10.6 40.4 99.00 BBB-/Ba2/BB+ FinancialsRusFinB CP-09 4 000 R 12.00 06/30/2016 01/11/2017 06/30/2020 11.5 53.1 100.10 101.50 BBB-/Ba2/BB+ FinancialsRusFinB CP-10 4 000 R 12.10 03/29/2016 03/31/2017 09/29/2020 14.1 56.1 60.60 101.99 BBB-/Ba2/BB+ FinancialsRusFinB CP-11 5 000 R 12.23 04/23/2016 04/26/2017 10/23/2019 15.0 44.9 BBB-/Ba2/BB+ FinancialsRusFinB-12 3 000 R 10.88 02/25/2016 09/01/2016 08/22/2019 7.2 42.8 99.00 BBB-/Ba2/BB+ FinancialsRusFinB-13 4 000 R 11.90 07/20/2016 01/25/2017 07/18/2018 12.0 29.7 100.00 100.15 BBB-/Ba2/BB+ FinancialsRusFinB-14 4 000 R 11.40 04/06/2016 04/13/2016 10/02/2019 2.5 44.2 99.80 100.14 BBB-/Ba2/BB+ FinancialsRusFinB-15 5 000 R 8.30 04/05/2016 04/12/2016 10/02/2018 2.5 32.2 99.00 99.45 BBB-/Ba2/BB+ FinancialsRusHydro CP-1 5 000 R 11.85 07/06/2016 07/04/2018 29.2 BB+/Ba2/BB UtilitiesRusHydro CP-2 5 000 R 11.85 07/06/2016 07/04/2018 29.2 BB+/Ba2/BB UtilitiesRusHydro CP-3 5 000 R 11.85 07/06/2016 07/04/2018 29.2 80.00 BB+/Ba2/BB UtilitiesRusHydro-01 10 000 R 8.00 04/18/2016 04/22/2016 04/12/2021 2.8 62.5 99.25 (0.38) 4 200 99.10 99.25 11.63 7.89 0.20 BB+/Ba2/BB UtilitiesRusHydro-02 5 000 R 8.00 04/18/2016 04/22/2016 04/12/2021 2.8 62.5 99.00 99.63 BB+/Ba2/BB UtilitiesRusHydro-07 10 000 R 8.50 02/11/2016 02/13/2018 02/02/2023 24.6 84.3 94.89 223 388 94.01 95.95 11.70 8.61 1.64 BB+/Ba2/BB UtilitiesRusHydro-08 10 000 R 8.50 02/11/2016 02/13/2018 02/02/2023 24.6 84.3 94.99 0.09 175 380 94.01 95.99 11.64 8.60 1.65 BB+/Ba2/BB UtilitiesRusHydro-09 10 000 R 12.75 04/26/2016 10/27/2017 04/15/2025 21.0 110.7 101.31 104.50 BB+/Ba2/BB UtilitiesRussianPost CP-01 3 000 R 2.75 06/15/2016 12/06/2023 94.4 BBB-// RetailRussianPost-01 7 000 R 16.00 03/22/2016 03/22/2016 1.8 100.19 101.00 BBB-// RetailRussianPost-02 3 000 R 12.00 04/22/2016 10/25/2016 10/18/2019 8.9 44.7 100.39 BBB-// RetailRussianPost-03 3 000 R 12.00 04/22/2016 10/25/2016 10/18/2019 8.9 44.7 BBB-// RetailRussianPost-04 3 000 R 12.00 04/22/2016 10/25/2016 10/18/2019 8.9 44.7 100.01 BBB-// RetailRusslavb-01 1 500 R 12.25 02/01/2016 02/03/2016 07/30/2018 0.2 30.1 FinancialsRusStand CP-3 3 000 R 14.00 02/27/2016 02/27/2016 1.0 100.06 0.06 5 99.84 100.49 13.32 13.22 0.08 /Caa2/CCC+ FinancialsRusStand CP-4 3 000 R 15.00 02/27/2016 02/27/2016 1.0 100.00 0.00 401 100.01 100.40 15.06 14.12 0.08 /Caa2/CCC+ FinancialsRZD CP-03 15 000 R 11.75 05/20/2016 11/17/2017 05/03/2030 21.7 171.3 101.11 0.01 350 003 100.30 101.29 11.34 11.38 1.48 BBB-/Ba1/BB+ TransportationRZD CP-04 15 000 R 11.65 05/20/2016 11/22/2019 05/03/2030 45.9 171.3 BBB-/Ba1/BB+ TransportationRZD CP-09 25 000 R 16.00 06/23/2016 06/08/2028 148.5 BBB-/Ba1/BB+ TransportationRZD CP-10 25 000 R 16.60 06/15/2016 11/29/2028 154.2 BBB-/Ba1/BB+ TransportationRZD CP-12 25 000 R 16.60 03/10/2016 08/18/2033 210.8 BBB-/Ba1/BB+ TransportationRZD CP-13 25 000 R 16.80 04/11/2016 09/19/2033 211.9 BBB-/Ba1/BB+ TransportationRZD CP-14 17 000 R 16.00 06/21/2016 05/29/2035 232.2 BBB-/Ba1/BB+ TransportationRZD CP-15 25 000 R 16.70 05/09/2016 10/11/2038 272.6 BBB-/Ba1/BB+ TransportationRZD CP-16 25 000 R 16.70 04/19/2016 09/20/2039 284.0 BBB-/Ba1/BB+ TransportationRZD CP-18 25 000 R 16.60 06/01/2016 04/29/2043 327.3 BBB-/Ba1/BB+ TransportationRZD CP-19 25 000 R 16.00 06/24/2016 05/20/2044 340.0 BBB-/Ba1/BB+ TransportationRZD-12 15 000 R 8.45 05/19/2016 11/21/2016 05/16/2019 9.8 39.6 97.95 20 000 97.95 97.99 11.44 8.49 0.71 BBB-/Ba1/BB+ TransportationRZD-15 15 000 R 8.15 06/20/2016 06/20/2016 4.8 98.91 0.03 20 642 98.90 99.25 11.27 8.17 0.36 BBB-/Ba1/BB+ TransportationRZD-16 15 000 R 7.90 06/06/2016 06/07/2016 06/05/2017 4.3 16.3 98.89 (0.04) 19 005 98.81 98.93 11.36 7.90 0.32 BBB-/Ba1/BB+ TransportationRZD-17 15 000 R 11.60 07/18/2016 01/17/2018 07/16/2018 23.7 29.6 100.88 2 100.73 101.03 11.40 11.47 1.63 BBB-/Ba1/BB+ TransportationRZD-18 15 000 R 9.25 07/18/2016 07/20/2016 07/15/2019 5.8 41.6 99.16 10 000 98.20 11.40 9.31 0.43 BBB-/Ba1/BB+ TransportationRZD-19 10 000 R 8.15 07/18/2016 07/18/2018 07/08/2024 29.7 101.4 93.60 93.87 BBB-/Ba1/BB+ TransportationRZD-23 15 000 R 11.75 01/28/2016 08/02/2018 01/16/2025 30.2 107.7 BBB-/Ba1/BB+ TransportationRZD-28 20 000 R 8.20 04/05/2016 04/03/2020 03/21/2028 50.2 145.9 90.26 0.07 20 100 89.00 90.46 11.48 8.84 3.13 BBB-/Ba1/BB+ TransportationRZD-30 15 000 R 7.70 05/24/2016 11/25/2016 11/07/2028 10.0 153.5 97.39 0.03 10 000 97.26 97.55 11.37 7.80 0.72 BBB-/Ba1/BB+ TransportationRZD-32 10 000 R 17.10 07/15/2016 07/13/2022 06/25/2032 77.6 197.1 103.50 (0.22) 19 343 103.51 103.78 16.44 BBB-/Ba1/BB+ TransportationRZD-33 15 000 R 12.40 03/29/2016 02/28/2040 289.2 BBB-/Ba1/BB+ TransportationRZD-34 15 000 R 12.40 03/29/2016 02/28/2040 289.2 BBB-/Ba1/BB+ TransportationRZD-35 15 000 R 12.40 06/29/2016 05/30/2040 292.3 BBB-/Ba1/BB+ TransportationRZHD CP-02 15 000 R 11.20 04/28/2016 04/30/2020 10/16/2025 51.1 116.7 BBB-/Ba1/BB+ TransportationRZHD CP-08 20 000 R 11.44 04/14/2016 09/20/2035 235.9 BBB-/Ba1/BB+ TransportationSberbank-01 0 R 12.27 05/02/2016 01/02/2026 119.3 BBB-/Ba1/ FinancialsSDM-Bank-01 1 500 R 14.00 03/01/2016 03/01/2016 1.1 100.00 0.00 2 000 99.65 100.10 14.05 13.23 0.08 B+// FinancialsSFO Europe14-1A 7 800 R 12.75 02/15/2016 02/15/2024 96.7 100.00 Financials

P5

CORPORATE BONDS

Ratings F/M/S


IssueAmount

outst., mln


PriceCoupon rate, %

Dates


pcsChange

Ruble Bonds


Sinergia CP-4 2 000 R 14.50 06/02/2016 06/05/2017 05/28/2020 16.3 52.0 B+// RetailSintagma-1 205 R 16.50 05/17/2016 05/18/2018 05/10/2022 27.7 75.5 OtherSistemaAFK 1P-01 5 000 R 12.50 04/12/2016 10/12/2018 09/30/2025 32.5 116.2 101.30 0.03 2 308 100.03 101.30 12.26 11.92 2.05 BB-/B1/BB TelecomsSistemaAFK 1P-02 1 700 R 10.90 05/13/2016 11/13/2019 10/31/2025 45.6 117.2 BB-/B1/BB TelecomsSistemaAFK 1P-03 10 000 R 12.70 03/14/2016 03/12/2018 25.5 99.90 BB-/B1/BB TelecomsSistemaAFK CP-01 10 000 R 17.00 02/18/2016 08/22/2016 01/31/2030 6.8 168.3 102.70 99 102.71 103.19 12.19 15.44 0.47 BB-/B1/BB TelecomsSistemaAFK-3 19 000 R 8.75 05/26/2016 11/24/2016 9.9 98.00 0.03 10 97.80 98.00 11.63 8.80 0.72 BB-/B1/BB TelecomsSistemaAFK-4 1 500 R 7.65 03/15/2016 03/15/2016 1.6 99.71 0.02 93 99.60 99.72 9.98 7.46 0.12 BB-/B1/BB TelecomsSMP Bank CP-01 10 000 R 11.20 04/22/2016 10/19/2018 10/10/2025 32.7 116.5 FinancialsSMP Bank CP-2 10 000 R 11.20 04/25/2016 10/22/2018 10/13/2025 32.8 116.6 FinancialsSMP Bank CP-3 10 000 R 11.20 04/26/2016 10/23/2018 10/14/2025 32.9 116.6 FinancialsSMP Bank-1 3 000 R 9.00 05/24/2016 05/27/2016 05/23/2017 4.0 15.8 FinancialsSolLesZav-1 3 000 R 10.00 04/06/2016 09/29/2021 68.1 IndustrialsSou AKB-6 2 000 R 11.50 04/14/2016 10/20/2016 10/11/2018 8.8 32.5 //B FinancialsSouz AKB CP-01 2 000 R 11.00 05/27/2016 11/30/2016 11/22/2019 10.1 45.9 100.00 2 000 000 11.26 10.80 0.73 //B FinancialsSouz AKB CP-04 1 500 R 14.50 06/16/2016 06/21/2016 06/11/2020 4.8 52.5 61.00 101.00 //B FinancialsSouz AKB CP-06 1 000 R 11.00 05/27/2016 11/30/2016 11/22/2019 10.1 45.9 100.00 1 000 000 11.26 10.80 0.73 //B FinancialsSovcombank CP-1 2 000 R 13.50 02/11/2016 02/16/2016 02/07/2019 0.7 36.4 100.00 100.09 B+//B FinancialsSovcombank-02 2 000 R 12.50 06/20/2016 06/20/2016 4.8 99.74 100.14 B+//B FinancialsSpKazan CP-1 1 500 R 14.00 05/03/2016 05/02/2017 15.2 100.03 121 350 14.41 13.56 1.02 RetailStroytemp-1 5 000 R 9.00 05/18/2016 11/13/2019 45.6 OtherSU CHC-01 2 500 R 10.00 02/23/2016 02/23/2016 0.9 81.00 101.00 FinancialsSUEK Finanse-05 10 000 R 8.70 02/18/2016 08/23/2016 08/10/2023 6.9 90.5 97.02 97.60 /Ba3/ Metals & MiningSUEK Finanse-07 5 000 R 12.50 03/01/2016 08/28/2020 08/19/2025 55.1 114.8 /Ba3/ Metals & MiningSUEK Finanse-08 5 000 R 12.50 03/01/2016 08/28/2020 08/19/2025 55.1 114.8 90.02 /Ba3/ Metals & MiningSUEK Finanse-1 10 000 R 8.25 07/01/2016 07/04/2018 06/26/2020 29.2 53.0 82.26 100.70 /Ba3/ Metals & MiningSvyazB CP-02 5 000 R 12.25 04/29/2016 04/29/2016 3.1 BB//BB- FinancialsSvyazB CP-03 5 000 R 15.50 02/26/2016 03/01/2016 02/26/2018 1.1 25.0 BB//BB- FinancialsSvyazB CP-04 5 000 R 15.00 03/24/2016 03/28/2016 03/24/2018 2.0 25.9 100.00 1 60.72 15.16 14.27 0.14 BB//BB- FinancialsSvyazB-3 5 000 R 12.25 06/16/2016 06/20/2016 12/09/2021 4.8 70.5 100.00 BB//BB- FinancialsSvyazB-4 5 000 R 12.25 04/20/2016 04/22/2016 04/13/2022 2.8 74.6 60.10 100.02 BB//BB- FinancialsSvyazB-5 5 000 R 15.00 04/14/2016 04/18/2016 04/07/2022 2.7 74.4 100.00 BB//BB- FinancialsSvyaznoyB CP-01 2 000 R 06/10/2016 06/08/2018 28.4 FinancialsSZHI CP-1 11 000 R 13.50 06/21/2016 06/24/2016 12/14/2021 4.9 70.6 99.90 100.25 FinancialsSZHI-1 3 000 R 13.00 07/13/2016 07/18/2016 07/10/2019 5.7 41.4 99.90 100.25 FinancialsSZKK-3 5 000 R 12.50 04/15/2016 10/09/2020 09/26/2031 56.4 188.1 ConstructionSZKK-4 5 000 R 12.50 04/15/2016 10/09/2020 09/26/2031 56.4 188.1 ConstructionTatfondB CP-11 3 080 R 14.00 03/15/2016 09/13/2016 7.6 94.01 100.00 /B2/B FinancialsTatfondB CP-13 2 000 R 15.00 04/01/2016 04/07/2016 03/21/2025 2.3 109.8 99.00 100.98 /B2/B FinancialsTatfondB CP-14 2 000 R 14.50 06/08/2016 06/15/2016 05/28/2025 4.6 112.1 /B2/B FinancialsTatfondB CP-15 3 000 R 13.50 06/22/2016 12/27/2016 12/11/2024 11.0 106.6 93.01 96.09 /B2/B FinancialsTatfondB CP-7 3 000 R 17.00 02/05/2016 02/05/2016 0.3 99.58 (0.42) 687 99.57 100.00 34.84 15.76 0.02 /B2/B FinancialsTatfondB CP-8 3 000 R 17.00 04/07/2016 10/06/2016 8.3 99.99 0.12 100 99.92 99.99 17.60 16.17 0.56 /B2/B FinancialsTCS Bank CP-12 3 000 R 12.50 05/24/2016 05/24/2016 3.9 100.20 15 100.20 100.99 12.07 12.21 0.29 B+/B2/ FinancialsTechKom-01 5 000 R 12.75 03/17/2016 09/13/2018 31.6 FinancialsTele2 SPb-1 5 000 R 8.40 06/17/2016 06/22/2016 06/11/2021 4.8 64.5 98.40 98.93 B+// TelecomsTele2 SPb-2 5 000 R 8.40 06/17/2016 06/22/2016 06/11/2021 4.8 64.5 98.40 99.57 B+// TelecomsTele2 SPb-3 3 000 R 8.40 06/17/2016 06/22/2016 06/11/2021 4.8 64.5 98.41 99.57 B+// TelecomsTele2 SPb-4 3 000 R 0.01 02/08/2016 01/31/2022 72.2 B+// TelecomsTele2 SPb-5 4 000 R 0.01 02/08/2016 01/31/2022 72.2 B+// TelecomsTele2 SPb-7 6 000 R 12.75 04/12/2016 04/14/2017 04/05/2022 14.6 74.3 100.70 100.98 B+// TelecomsTeleHouse-1 1 000 R 10.00 10/20/2016 10/14/2021 68.6 TelecomsTGener-1 1 150 R 12.00 06/17/2016 06/14/2019 40.6 TransportationTGK1-3 2 000 R 12.90 06/21/2016 12/14/2021 70.6 95.02 UtilitiesTGK1-4 2 000 R 12.90 02/22/2016 02/14/2022 72.7 UtilitiesTGK2 CP-2 2 940 R 12.00 04/13/2016 10/10/2018 32.4 54.48 (0.22) 3 797 54.25 54.49 87.43 20.73 0.52 UtilitiesTGK5-1 5 000 R 12.50 04/08/2016 04/13/2016 10/06/2017 2.5 20.3 99.91 100.43 UtilitiesTGK6-1 5 000 R 12.50 02/25/2016 03/01/2016 08/24/2017 1.1 18.9 98.80 99.20 UtilitiesTGK9-1 7 000 R 8.10 02/08/2016 08/07/2017 18.3 90.90 93.00 UtilitiesTKB CP-2 2 000 R 13.00 06/07/2016 06/10/2016 05/30/2023 4.4 88.1 60.01 136.36 /B1/ FinancialsTKB-2 1 800 R 12.50 03/15/2016 03/15/2016 1.6 /B1/ FinancialsTKB-3 1 000 R 13.00 06/08/2016 06/06/2018 28.3 94.99 /B1/ FinancialsTM-energo fin-1 6 000 R 8.91 03/03/2016 08/29/2019 43.1 FinancialsTPGK-Fin CP-01 5 000 R 13.50 03/25/2016 09/17/2021 67.7 FinancialsTPGK-Fin CP-02 5 000 R 13.50 03/25/2016 09/17/2021 67.7 FinancialsTPGK-Fin CP-03 5 000 R 13.50 04/07/2016 09/30/2021 68.2 FinancialsTransaero CP-2 2 500 R 06/24/2016 12/20/2016 10.8 2.55 (0.04) 45 2.49 2.51 TransportationTransCont-4 5 000 R 8.35 01/29/2016 01/26/2018 24.0 96.00 120.00 BB+/Ba3/ TransportationTransFin-01 3 000 R 16.00 04/10/2017 04/12/2017 03/31/2025 14.5 110.2 FinancialsTransFinM CP-16 1 000 R 10.50 07/13/2016 07/13/2016 5.5 FinancialsTransFinM CP-17 1 000 R 10.50 07/13/2016 07/13/2016 5.5 FinancialsTransFinM CP-18 1 000 R 10.50 07/13/2016 07/13/2016 5.5 FinancialsTransFinM CP-22 1 000 R 14.00 02/23/2016 02/25/2016 02/21/2017 1.0 12.9 FinancialsTransFinM CP-24 1 000 R 10.50 06/13/2016 06/12/2017 16.5 FinancialsTransFinM CP-25 1 000 R 13.00 04/13/2016 10/14/2016 10/11/2017 8.6 20.5 100.00 100.94 FinancialsTransFinM CP-26 4 890 R 10.50 04/14/2016 04/11/2019 38.5 FinancialsTransFinM CP-28 4 214 R 10.50 03/22/2016 09/17/2019 43.7 FinancialsTransFinM CP-28 0 R 14.50 04/07/2016 10/07/2018 32.4 FinancialsTransFinM CP-29 2 500 R 10.50 06/27/2016 07/01/2019 06/17/2024 41.1 100.7 FinancialsTransFinM CP-30 2 002 R 10.00 07/15/2016 07/21/2017 07/05/2024 17.8 101.3 FinancialsTransFinM CP-31 640 R 13.00 03/09/2016 09/14/2016 02/26/2025 7.6 109.1 FinancialsTransFinM CP-32 2 454 R 10.00 04/14/2016 10/15/2020 10/03/2024 56.6 104.3 FinancialsTransFinM CP-33 2 200 R 10.00 04/19/2016 10/20/2020 10/08/2024 56.8 104.4 Financials

P5

CORPORATE BONDS

Ratings F/M/S


IssueAmount

outst., mln


PriceCoupon rate, %

Dates


pcsChange

Ruble Bonds


TransFinM CP-34 2 405 R 10.00 04/11/2016 10/15/2018 09/30/2024 32.6 104.2 FinancialsTransFinM CP-35 2 480 R 10.00 04/25/2016 10/26/2020 10/14/2024 57.0 104.6 FinancialsTransFinM CP-36 7 000 R 10.00 05/04/2016 11/03/2021 10/23/2024 69.3 104.9 FinancialsTransFinM CP-37 2 000 R 10.50 05/23/2016 11/22/2021 11/11/2024 69.9 105.6 FinancialsTransFinM CP-39 2 100 R 13.50 06/15/2016 06/17/2021 06/04/2025 64.7 112.3 102.00 1 103.50 13.38 13.04 3.48 FinancialsTransFinM CP-40 500 R 12.50 02/22/2016 08/29/2016 08/11/2025 7.1 114.5 FinancialsTransFinM CP-41 2 150 R 13.00 03/16/2016 09/20/2016 09/03/2025 7.8 115.3 99.65 600 13.98 12.46 0.53 FinancialsTransFinM-15 1 000 R 8.50 02/22/2016 08/31/2016 08/16/2021 7.1 66.7 FinancialsTransFinM-27 3 000 R 10.50 06/14/2016 12/15/2017 22.6 FinancialsTransgazservice CP-01 5 000 R 05/13/2016 11/08/2019 45.4 0.02 8.75 Oil & GasTransneft CP-03 15 000 R 11.00 04/20/2016 04/22/2016 10/09/2024 2.8 104.5 99.85 100.09 /Ba1/BB+ Oil & GasTransneft CP-04 10 000 R 11.50 07/14/2016 01/16/2017 07/03/2025 11.7 113.3 /Ba1/BB+ Oil & GasTransneft-1 35 000 R 11.50 05/16/2016 05/18/2016 05/13/2019 3.7 39.5 98.51 136.00 /Ba1/BB+ Oil & GasTransneft-2 35 000 R 11.50 10/04/2016 10/06/2016 10/01/2019 8.3 44.2 /Ba1/BB+ Oil & GasTransneft-3 65 000 R 12.05 09/21/2016 09/18/2019 43.7 91.01 /Ba1/BB+ Oil & GasUBRiR CP-05 2 000 R 13.00 04/15/2016 04/20/2016 04/10/2020 2.8 50.5 //B- FinancialsUBRiR CP-08 3 000 R 13.00 03/19/2016 09/19/2016 7.8 //B- FinancialsUGVR CP-1 1 000 R 12.10 04/06/2016 10/12/2016 04/01/2020 8.5 50.2 RetailUnicredit CP-10 10 000 R 8.10 05/24/2016 11/25/2016 11/20/2018 10.0 33.8 59.01 BBB-//BB+ FinancialsUnicredit CP-11 5 000 R 10.75 05/25/2016 11/28/2016 11/20/2019 10.1 45.8 BBB-//BB+ FinancialsUnicredit CP-21 10 000 R 10.50 05/20/2016 05/25/2016 05/17/2019 3.9 39.6 98.03 BBB-//BB+ FinancialsUnicredit CP-22 10 000 R 10.50 02/09/2016 08/12/2016 08/06/2019 6.5 42.3 BBB-//BB+ FinancialsUnicredit CP-6 5 000 R 8.60 02/11/2016 02/11/2016 0.5 99.90 0.00 5 99.88 99.90 11.02 8.28 0.04 BBB-//BB+ FinancialsUnicredit CP-7 5 000 R 8.60 02/11/2016 02/11/2016 0.5 99.90 0.01 55 919 99.88 99.90 11.02 8.28 0.04 BBB-//BB+ FinancialsUnicredit CP-8 5 000 R 14.00 02/23/2016 02/23/2016 0.9 100.29 0.03 1 100.09 100.29 10.06 13.18 0.07 BBB-//BB+ FinancialsUnicredit CP-9 5 000 R 14.00 02/23/2016 02/23/2016 0.9 61.00 100.80 BBB-//BB+ FinancialsUnicredit-1IP 5 000 R 8.20 03/09/2016 09/07/2016 7.4 BBB-//BB+ FinancialsUnicredit-2IP 4 000 R 12.35 03/23/2016 09/24/2018 09/16/2020 31.9 55.7 BBB-//BB+ FinancialsUniverCap-1 2 000 R 12.00 03/09/2016 03/06/2019 37.3UOMZ PO CP-01 2 000 R 14.25 06/28/2016 12/25/2018 34.9 //B- IndustrialsUpravOt-2 1 700 R 11.00 09/01/2016 06/01/2025 112.2 OtherUprOth-01 1 000 R 18.00 06/22/2016 06/15/2022 76.6 100.05 RetailUralsib LC CP-10 3 000 R 10.25 03/24/2016 03/29/2016 03/21/2019 2.0 37.8 FinancialsUralsib LC CP-11 667 R 11.50 02/16/2016 11/15/2016 9.6 92.00 8 90.00 97.50 36.82 12.20 0.29 FinancialsUralsib LC CP-14 1 000 R 9.00 03/14/2016 12/12/2016 10.5 FinancialsUralsib LC CP-15 2 000 R 11.50 03/24/2016 12/21/2017 22.8 85.00 96.04 FinancialsUralsib LC CP-20 1 450 R 10.50 04/19/2016 04/17/2018 26.7 FinancialsUralsib LC CP-21 2 000 R 10.50 04/19/2016 04/17/2018 26.7 FinancialsUralsib LC CP-8 167 R 11.00 04/21/2016 04/21/2016 2.8 92.03 (0.64) 5 402 91.05 91.99 58.50 11.96 0.15 FinancialsUralsib-4 5 000 R 14.00 03/11/2016 03/17/2016 03/10/2017 1.6 13.4 94.00 99.99 B/Caa2/CCC+ FinancialsUralsib-5 7 000 R 14.00 02/26/2016 03/03/2016 08/25/2017 1.2 18.9 99.00 99 99.00 100.02 27.56 13.36 0.07 B/Caa2/CCC+ FinancialsUralVagonZ CP-1 3 000 R 16.75 07/14/2016 07/18/2017 07/09/2020 17.7 53.4 106.33 3 87.02 12.25 15.67 1.21 IndustrialsUralVagonZ CP-2 5 000 R 16.75 07/14/2016 07/18/2017 07/09/2020 17.7 53.4 102.00 IndustrialsUralVagonZ-1 3 000 R 13.50 06/09/2016 12/13/2016 12/07/2017 10.6 22.4 90.01 IndustrialsUralVagonZ-2 3 000 R 9.50 02/23/2016 08/26/2016 02/20/2018 7.0 24.8 97.43 1 064 95.51 98.00 14.78 9.37 0.48 IndustrialsUranium-1 14 300 R 9.75 06/01/2016 12/05/2016 11/24/2021 10.3 70.0 95.10 10 95.01 96.31 16.77 10.10 0.70 BB-/Ba3/B+ Metals & MiningUranium-2 12 500 R 10.25 02/19/2016 08/19/2020 08/11/2023 54.8 90.5 78.01 91.10 BB-/Ba3/B+ Metals & MiningUTAirF CP-11 1 500 R 12.00 03/18/2016 06/17/2016 4.7 12.65 (3.01) 333 13.80 20.00 21484.55 86.14 0.00 TransportationUTAirF CP-12 1 500 R 12.00 03/18/2016 06/17/2016 4.7 17.71 1.76 33 15.00 19.98 9223.87 63.19 0.00 TransportationUTAirF CP-13 1 500 R 12.00 03/18/2016 06/17/2016 4.7 14.25 (0.17) 5 14.26 17.88 15959.70 77.26 0.00 TransportationUTAirF-F-5 1 500 R 9.50 04/21/2016 07/21/2016 5.8 0.50 98.88 TransportationUWCFin CP-1 15 000 R 15.50 03/15/2016 09/10/2019 43.5 FinancialsUWCFin-1 15 000 R 9.08 06/01/2016 11/30/2016 10.1 99.61 100.00 FinancialsVEB CP-1 20 000 R 11.80 04/15/2016 07/15/2016 5.6 100.00 (0.14) 1 100.01 100.30 12.32 11.76 0.41 BBB-/Ba1/BB+ FinancialsVEB CP-11 1 000 R 9.75 03/03/2016 08/16/2029 162.7 BBB-/Ba1/BB+ FinancialsVEB CP-14 10 000 R 8.10 03/31/2016 09/27/2018 32.0 91.80 0.15 7 001 84.02 92.00 12.24 8.77 2.14 BBB-/Ba1/BB+ FinancialsVEB CP-2 9 000 R 11.20 02/25/2016 11/28/2016 11/23/2017 10.1 21.9 99.31 100.00 BBB-/Ba1/BB+ FinancialsVEB CP-3 10 000 R 11.80 04/12/2016 01/12/2017 07/10/2018 11.5 29.4 80.00 BBB-/Ba1/BB+ FinancialsVEB CP-4 15 000 R 8.40 03/24/2016 12/20/2018 34.8 92.90 2.55 24 91.90 93.05 11.79 8.97 2.30 BBB-/Ba1/BB+ FinancialsVEB CP-5 5 000 R 11.50 02/25/2016 02/27/2017 08/20/2020 13.1 54.8 BBB-/Ba1/BB+ FinancialsVEB Leasing CP-01 5 000 R 8.65 07/26/2016 01/25/2019 01/16/2024 36.0 95.7 BBB-//BB+ FinancialsVEB Leasing CP-02 5 000 R 12.50 05/20/2016 05/18/2018 27.7 95.02 100.00 BBB-//BB+ FinancialsVEB Leasing CP-03 4 500 R 13.09 06/28/2016 06/23/2020 52.9 99.95 101.00 BBB-//BB+ FinancialsVEB Leasing CP-04 5 000 R 13.25 02/12/2016 02/17/2016 01/31/2025 0.7 108.2 100.00 5 892 100.00 100.01 13.28 12.50 0.04 BBB-//BB+ FinancialsVEB Leasing CP-05 5 000 R 13.25 02/16/2016 02/19/2016 02/04/2025 0.8 108.4 100.00 100.09 BBB-//BB+ FinancialsVEB Leasing CP-06 5 000 R 13.50 03/01/2016 09/02/2016 02/18/2025 7.2 108.8 100.00 1 494 100.00 100.50 12.80 BBB-//BB+ FinancialsVEB Leasing CP-07 5 000 R 13.50 03/03/2016 09/06/2016 02/20/2025 7.3 108.9 100.00 BBB-//BB+ FinancialsVEB Leasing CP-08 3 750 R 13.50 03/28/2016 03/27/2017 14.0 BBB-//BB+ FinancialsVEB Leasing CP-09 5 000 R 12.50 02/29/2016 09/01/2016 08/18/2025 7.2 114.8 BBB-//BB+ FinancialsVEB Leasing-001P-01 200 $ 5.50 01/28/2016 01/31/2017 07/17/2025 12.2 113.7 100.00 5 110.05 5.57 5.36 0.91 BBB-//BB+ FinancialsVEB Leasing-002P-01 3 000 R 12.50 03/14/2016 09/15/2016 09/01/2025 7.6 115.2 BBB-//BB+ FinancialsVEB Leasing-01 5 000 R 12.50 07/07/2016 01/12/2017 07/02/2020 11.5 53.2 BBB-//BB+ FinancialsVEB Leasing-01 USD 100 $ 5.50 07/01/2016 06/30/2017 17.1 BBB-//BB+ FinancialsVEB Leasing-02 USD 100 $ 5.50 07/01/2016 06/30/2017 17.1 BBB-//BB+ FinancialsVEB Leasing-03 5 000 R 13.25 04/08/2016 04/13/2016 04/02/2021 2.5 62.2 99.75 100.04 BBB-//BB+ FinancialsVEB Leasing-03 USD 100 $ 5.50 07/01/2016 06/30/2017 17.1 BBB-//BB+ FinancialsVEB Leasing-04 5 000 R 8.60 04/08/2016 04/13/2016 04/02/2021 2.5 62.2 99.08 50 98.51 99.14 13.68 8.46 0.18 BBB-//BB+ FinancialsVEB Leasing-04 USD 100 $ 5.50 07/01/2016 06/30/2017 17.1 BBB-//BB+ FinancialsVEB Leasing-05 5 000 R 8.60 04/08/2016 04/13/2016 04/02/2021 2.5 62.2 99.08 2 500 98.50 99.20 13.68 8.46 0.18 BBB-//BB+ FinancialsVEB Leasing-05 USD 100 $ 5.50 04/19/2016 10/17/2017 20.7 BBB-//BB+ FinancialsVEB Leasing-06 4 000 R 9.00 02/02/2016 01/31/2017 12.2 98.06 10 915 98.01 98.15 13.54 8.79 0.42 BBB-//BB+ FinancialsVEB Leasing-06 USD 100 $ 5.50 04/19/2016 10/17/2017 20.7 BBB-//BB+ FinancialsVEB Leasing-07 USD 100 $ 4.00 06/06/2016 06/04/2018 28.2 BBB-//BB+ Financials

P5

CORPORATE BONDS

Ratings F/M/S


IssueAmount

outst., mln


PriceCoupon rate, %

Dates


pcsChange

Ruble Bonds


VEB Leasing-08 5 000 R 12.40 04/26/2016 10/28/2016 10/19/2021 9.0 68.8 99.00 BBB-//BB+ FinancialsVEB Leasing-08 USD 100 $ 4.00 06/06/2016 06/04/2018 28.2 BBB-//BB+ FinancialsVEB Leasing-09 5 000 R 12.40 04/27/2016 10/31/2016 10/20/2021 9.1 68.8 BBB-//BB+ FinancialsVEB Leasing-09 USD 100 $ 4.00 06/06/2016 06/04/2018 28.2 BBB-//BB+ FinancialsVEB Leasing-10 5 000 R 8.50 03/03/2016 03/01/2018 25.1 94.06 (0.24) 4 500 91.00 94.40 13.46 8.72 1.20 BBB-//BB+ FinancialsVEB Leasing-10 USD 100 $ 4.00 06/06/2016 06/04/2018 28.2 BBB-//BB+ FinancialsVEB Leasing-11 5 000 R 8.50 03/03/2016 03/01/2018 25.1 93.75 2 000 91.00 94.40 13.73 8.75 1.20 BBB-//BB+ FinancialsVEB Leasing-11 USD 100 $ 4.939 02/09/2016 02/08/2019 01/30/2024 36.4 96.2 BBB-//BB+ FinancialsVEB Leasing-12 3 750 R 8.25 05/10/2016 11/06/2018 33.3 93.50 2 000 91.00 94.00 13.61 8.66 1.22 BBB-//BB+ FinancialsVEB Leasing-12 USD 100 $ 4.939 02/09/2016 02/08/2019 01/30/2024 36.4 96.2 BBB-//BB+ FinancialsVEB Leasing-13 3 750 R 8.25 05/10/2016 11/06/2018 33.3 93.50 2 000 91.01 94.00 13.61 8.66 1.22 BBB-//BB+ FinancialsVEB Leasing-13 USD 100 $ 4.939 02/09/2016 02/08/2019 01/30/2024 36.4 96.2 BBB-//BB+ FinancialsVEB Leasing-14 USD 100 $ 4.939 02/09/2016 02/08/2019 01/30/2024 36.4 96.2 BBB-//BB+ FinancialsVEB-06 10 000 R 7.90 04/19/2016 10/21/2017 10/13/2020 20.8 56.6 90.13 96.00 BBB-/Ba1/BB+ FinancialsVEB-08 15 000 R 7.75 04/19/2016 10/20/2016 10/13/2020 8.8 56.6 96.80 0.55 50 028 90.78 12.82 7.84 0.63 BBB-/Ba1/BB+ FinancialsVEB-09 15 000 R 7.90 03/24/2016 03/25/2016 03/18/2021 1.9 61.7 99.40 0.15 5 473 99.25 99.45 12.00 7.74 0.14 BBB-/Ba1/BB+ FinancialsVEB-10 15 000 R 8.50 03/29/2016 09/29/2016 09/21/2021 8.1 67.9 BBB-/Ba1/BB+ FinancialsVEB-16v 500 $ 4.75 02/02/2016 05/05/2016 05/02/2017 3.3 15.2 BBB-/Ba1/BB+ FinancialsVEB-18 10 000 R 11.90 04/08/2016 10/11/2016 09/17/2032 8.5 199.8 100.00 0.00 2 694 100.00 12.19 11.49 0.60 BBB-/Ba1/BB+ FinancialsVEB-19 10 000 R 11.90 04/14/2016 10/17/2016 09/23/2032 8.7 200.0 65.01 BBB-/Ba1/BB+ FinancialsVEB-21 15 000 R 11.65 03/08/2016 09/08/2016 02/17/2032 7.4 192.8 99.75 BBB-/Ba1/BB+ FinancialsVEB-31 7 500 R 8.35 03/01/2016 11/24/2020 58.0 BBB-/Ba1/BB+ FinancialsVerCemFact-01 3 600 R 13.00 02/09/2016 05/11/2018 05/04/2021 27.5 63.3 99.76 (0.11) 50 99.75 100.00 13.78 12.68 1.72 ConstructionVIA AIZK-1 3 752 R 9.50 03/15/2016 03/15/2040 289.8 FinancialsVimpelCom CP-02 10 000 R 11.90 04/15/2016 10/18/2017 10/03/2025 20.7 116.3 /Ba3/BB TelecomsVimpelCom CP-03 15 000 R 11.90 04/15/2016 10/18/2017 10/03/2025 20.7 116.3 100.34 (0.06) 210 864 100.35 100.50 11.99 11.48 1.39 /Ba3/BB TelecomsVimpelCom-1 10 000 R 10.00 03/15/2016 03/17/2017 03/08/2022 13.6 73.4 98.00 98.50 /Ba3/BB TelecomsVimpelCom-2 10 000 R 10.00 03/21/2016 03/23/2017 03/14/2022 13.8 73.6 98.00 99.50 /Ba3/BB TelecomsVimpelCom-4 15 000 R 10.00 03/15/2016 03/17/2017 03/08/2022 13.6 73.4 98.51 0.06 14 050 98.15 98.55 11.74 9.79 0.95 /Ba3/BB TelecomsVneshprBank CP-3 9 000 R 14.00 06/24/2016 06/28/2016 06/22/2018 5.0 28.8 1.08 (0.14) 931 1.01 1.40 606.75 /B3/B+ FinancialsVneshprBank CP-6 7 000 R 15.00 03/28/2016 03/30/2016 03/23/2020 2.1 49.9 /B3/B+ FinancialsVneshprBank-2 1 500 R 13.50 06/15/2016 12/16/2016 12/13/2017 10.7 22.6 /B3/B+ FinancialsVolgaSp-02 1 900 R 19.78 08/31/2016 02/29/2024 97.1 100.05 RetailVolkswB 07 5 000 R 9.35 06/26/2016 07/01/2016 06/29/2019 5.1 41.1 99.49 //BB+ FinancialsVolkswB 08 5 000 R 11.30 04/16/2016 10/20/2016 10/19/2019 8.8 44.7 99.60 0.28 1 391 99.00 100.20 12.18 11.00 0.62 //BB+ FinancialsVolkswB 09 5 000 R 11.30 04/17/2016 10/24/2016 10/20/2019 8.9 44.8 99.00 100.19 //BB+ FinancialsVostExpr CP-7 5 000 R 15.00 07/19/2016 07/21/2016 07/17/2018 5.8 29.7 99.90 B-/Caa1/ FinancialsVostExpr-2 4 500 R 13.60 02/11/2016 08/09/2018 30.4 42.03 4 500 39.50 45.45 70.95 28.21 1.04 B-/Caa1/ FinancialsVostExpr-3 734 R 18.00 06/02/2016 05/28/2020 52.0 B-/Caa1/ FinancialsVTB 24 2IP-A 1 358 R 9.00 02/26/2016 11/26/2043 334.2 /Ba2/ FinancialsVTB 24 2IP-B 679 R 3.00 02/26/2016 11/26/2043 334.2 /Ba2/ FinancialsVTB 24 3IP-A 1 999 R 9.00 02/28/2016 09/15/2044 343.9 /Ba2/ FinancialsVTB 24 3IP-B 999 R 3.00 02/28/2016 09/15/2044 343.9 /Ba2/ FinancialsVTB 24 4IP-A 2 475 R 9.00 03/01/2016 09/01/2044 343.4 /Ba2/ FinancialsVTB 24 5IP-A 5 428 R 9.00 03/03/2016 09/18/2046 368.0 /Ba2/ FinancialsVTB 24 5IP-B 2 714 R 3.00 03/03/2016 09/18/2046 368.0 /Ba2/ FinancialsVTB 24 6IP-B 1 553 R 3.00 03/05/2016 08/14/2043 330.8 /Ba2/ FinancialsVTB 24 7IP-A 3 187 R 9.00 03/06/2016 12/06/2044 346.5 /Ba2/ FinancialsVTB 24 7IP-B 1 594 R 3.00 03/06/2016 12/06/2044 346.5 /Ba2/ FinancialsVTB CapF-01 1 000 R 0.10 02/16/2016 08/09/2022 78.4 FinancialsVTB CapF-02 1 000 R 0.10 05/23/2016 11/14/2022 81.6 FinancialsVTB CapF-03 1 000 R 0.10 05/30/2016 11/21/2022 81.9 FinancialsVTB CapF-13 500 R 0.10 03/24/2016 09/14/2023 91.6 FinancialsVTB CapF-14 500 R 0.10 06/27/2016 12/18/2023 94.7 FinancialsVTB CP-22 15 000 R 7.90 02/16/2016 02/16/2016 0.7 99.84 (0.05) 96 99.81 99.90 11.07 7.80 0.05 /Ba1/BB+ FinancialsVTB CP-26 10 000 R 9.55 03/29/2016 06/30/2016 06/23/2020 5.1 52.9 99.43 0.10 10 972 99.31 99.54 11.39 9.53 0.37 /Ba1/BB+ FinancialsVTB CP-30 10 000 R 11.25 03/25/2016 03/29/2016 12/13/2024 2.0 106.6 99.89 100.00 /Ba1/BB+ FinancialsVTB CP-43 20 000 R 12.10 04/08/2016 07/12/2016 09/29/2023 5.5 92.1 100.50 28 925 100.37 100.78 11.39 11.97 0.40 /Ba1/BB+ FinancialsVTB Leasing CP-1 6 632 R 11.85 03/29/2016 03/31/2016 12/17/2024 2.1 106.7 //BB+ FinancialsVTB Leasing CP-2 7 000 R 11.85 02/12/2016 02/16/2016 08/05/2022 0.7 78.3 //BB+ FinancialsVTB Leasing CP-3 7 000 R 12.10 03/29/2016 03/31/2016 12/21/2021 2.1 70.8 100.50 103.49 //BB+ FinancialsVTB Leasing CP-4 7 579 R 13.75 01/27/2016 04/29/2016 07/17/2024 3.1 101.7 //BB+ FinancialsVTB Leasing CP-5 9 000 R 12.10 03/29/2016 03/31/2016 12/20/2022 2.1 82.8 100.50 103.49 //BB+ FinancialsVTB Leasing CP-6 9 474 R 11.85 03/29/2016 03/31/2016 12/17/2024 2.1 106.7 //BB+ FinancialsVTB Leasing CP-7 10 000 R 11.85 03/29/2016 03/31/2016 12/20/2022 2.1 82.8 //BB+ FinancialsVTB Leasing CP-8 10 000 R 11.85 03/03/2016 03/07/2016 11/25/2021 1.3 70.0 100.00 101.00 //BB+ FinancialsVTB Leasing-3 385 R 11.85 03/08/2016 03/10/2016 06/07/2016 1.4 4.3 99.99 100.50 //BB+ FinancialsVTB Leasing-4 385 R 11.85 03/08/2016 03/10/2016 06/07/2016 1.4 4.3 100.00 100.51 //BB+ FinancialsVTB Leasing-7 769 R 11.85 03/02/2016 03/04/2016 11/30/2016 1.2 10.1 99.98 100.69 //BB+ FinancialsVTB Leasing-8 1 539 R 11.85 02/02/2016 02/04/2016 08/01/2017 0.3 18.1 //BB+ FinancialsVTB Leasing-9 1 539 R 11.85 02/03/2016 02/05/2016 08/02/2017 0.3 18.2 //BB+ FinancialsVTB-6 15 000 R 11.25 04/06/2016 07/06/2016 5.3 100.10 (0.04) 15 066 100.01 100.42 11.46 11.17 0.39 /Ba1/BB+ FinancialsWhaleFin-1 8 000 R 8.75 03/16/2016 03/13/2019 37.5 FinancialsWHSD-1 5 000 R 8.75 05/31/2016 05/31/2016 05/13/2031 4.1 183.6 98.75 99.60 /Ba3/ ConstructionWHSD-2 5 000 R 8.75 05/31/2016 05/31/2016 05/13/2031 4.1 183.6 98.75 99.60 /Ba3/ ConstructionWHSD-3 5 000 R 9.15 02/26/2016 02/28/2017 02/06/2032 13.1 192.5 /Ba3/ ConstructionWHSD-4 5 000 R 9.15 02/26/2016 02/28/2017 02/06/2032 13.1 192.5 /Ba3/ ConstructionWHSD-5 5 000 R 9.15 02/26/2016 02/28/2017 02/06/2032 13.1 192.5 /Ba3/ ConstructionX5 CP-2 5 000 R 9.10 03/25/2016 09/23/2016 7.9 98.37 (0.53) 144 013 98.18 98.60 12.03 8.97 0.57 BB/Ba3/BB- RetailX5 CP-3 5 000 R 8.85 04/27/2016 10/26/2016 9.0 98.50 993 97.90 98.43 11.24 8.79 0.66 BB/Ba3/BB- RetailX5 CP-4 5 000 R 11.90 04/19/2016 04/18/2019 10/11/2022 38.7 80.5 85.01 BB/Ba3/BB- RetailX5-4 8 000 R 10.50 06/02/2016 06/02/2016 4.2 99.35 99.99 BB/Ba3/BB- RetailYamal SPG-01 2 300 R 3.539 03/08/2016 02/19/2030 168.9 Oil & Gas

P5

CORPORATE BONDS

Ratings F/M/S


IssueAmount

outst., mln


PriceCoupon rate, %

Dates


pcsChange

Ruble Bonds


Yamal SPG-02 0 $ 3.606 06/11/2016 11/23/2030 178.0 Oil & GasZapsib CP-3 2 000 R 5.00 02/25/2016 02/25/2016 1.0 60.23 99.98 //B+ FinancialsZapsib CP-4 2 000 R 5.00 03/07/2016 03/15/2016 09/04/2017 1.6 19.3 //B+ FinancialsZapsib-2 424 R 14.85 06/16/2016 12/12/2019 46.5 30.00 //B+ FinancialsZapSib-Transservice-1 5 000 R 15.00 04/19/2016 04/17/2018 26.7 TransportationZarechnaya-01 3 000 R 13.00 06/24/2016 07/01/2016 12/21/2018 5.1 34.8 Metals & MiningZenit CP-09 5 000 R 16.10 04/07/2016 04/11/2016 03/27/2025 2.5 110.0 100.55 42 100.55 13.29 15.27 0.17 BB-/B1/ FinancialsZenit CP-10 600 R 11.00 06/02/2016 12/04/2017 11/20/2025 22.3 117.9 BB-/B1/ FinancialsZenit CP-11 6 000 R 13.00 03/03/2016 09/05/2016 02/28/2019 7.3 37.1 100.20 12 100.06 100.20 12.98 12.34 0.50 BB-/B1/ FinancialsZenit CP-13 5 000 R 13.00 06/23/2016 06/28/2016 06/13/2024 5.0 100.6 100.05 2 400 99.90 100.10 13.20 12.84 0.36 BB-/B1/ FinancialsZenit CP-14 1 750 R 8.50 06/24/2016 06/28/2017 06/14/2024 17.0 100.6 BB-/B1/ FinancialsZenit-10 5 000 R 13.25 06/01/2016 06/03/2016 05/30/2018 4.2 28.1 100.12 100.25 BB-/B1/ FinancialsZenit-11 5 000 R 12.50 04/19/2016 10/20/2016 10/16/2018 8.8 32.6 99.90 0.00 3 980 99.80 99.95 12.98 12.11 0.62 BB-/B1/ FinancialsZenit-8 5 000 R 16.50 02/24/2016 02/26/2016 08/23/2017 1.0 18.9 100.25 (0.05) 5 700 100.15 100.28 13.20 15.40 0.07 BB-/B1/ Financials

P5

CORPORATE BONDS

Ratings F/M/S


IssueAmount

outst., mln


PriceCoupon rate, %

Dates


pcsChange

Ruble Bonds


Bashkortostan-10 1 500 R 11.95 04/26/2016 10/24/2017 20.9 99.01 /Ba2/ MunicipalBashkortostan-7 1 200 R 8.75 03/01/2016 11/29/2016 10.1 101.19 50 97.51 101.18 7.42 8.54 0.76 /Ba2/ MunicipalBashkortostan-8 4 000 R 7.75 03/25/2016 09/18/2020 55.8 91.51 93.50 /Ba2/ MunicipalBashkortostan-9 6 000 R 11.40 04/14/2016 04/11/2019 38.5 100.69 0.00 1 257 100.10 100.69 11.47 11.28 1.60 /Ba2/ MunicipalBelgorObl-6 1 000 R 7.00 02/09/2016 08/08/2017 18.4 91.65 95.50 BB/B1/ MunicipalBelgorObl-7 3 500 R 8.30 02/02/2016 07/28/2020 54.0 83.08 7 85.02 93.99 18.24 9.76 1.72 BB/B1/ MunicipalBelgorObl-8 5 000 R 10.65 03/28/2016 06/21/2021 64.8 97.51 97.98 BB/B1/ MunicipalBelgorObl-9 5 250 R 12.65 04/05/2016 06/30/2020 53.1 101.71 (0.25) 9 101.80 102.00 12.43 12.35 2.03 BB/B1/ MunicipalChuvashiya-10 1 275 R 7.50 03/08/2016 06/07/2018 28.3 95.20 0.20 4 95.00 95.20 12.01 7.79 1.04 BB+/Ba3/ MunicipalKaluzhReg-5 1 250 R 8.10 02/18/2016 05/19/2016 3.7 99.01 (0.37) 2 99.01 99.35 11.85 8.06 0.27 BB// MunicipalKarelia-14 150 R 9.49 05/31/2016 11/30/2016 10.1 98.01 99.99 B+// MunicipalKarelia-15 375 R 8.85 04/19/2016 10/22/2017 20.8 93.09 98.58 B+// MunicipalKarelia-16 1 600 R 7.89 01/27/2016 01/29/2019 36.1 95.10 (4.33) 48 94.80 95.50 12.48 8.13 1.05 B+// MunicipalKarelia-17 2 000 R 12.25 04/23/2016 04/08/2020 50.4 101.59 1.58 5 100.50 101.96 11.91 12.05 1.74 B+// MunicipalKazan-8 1 R 8.00 03/23/2016 12/21/2016 10.8 95.62 BB-// MunicipalKemerReg-1 1 000 R 8.20 02/26/2016 11/28/2018 34.1 93.50 0.17 126 88.23 93.50 12.49 8.64 1.60 MunicipalKhakassia-3 3 000 R 8.40 02/14/2016 10/27/2020 57.0 91.69 0.20 1 080 90.01 91.70 12.64 9.00 2.07 BB// MunicipalKhakassia-4 2 500 R 12.65 04/26/2016 10/27/2019 45.0 101.97 1.02 49 100.95 101.96 12.04 12.41 1.62 BB// MunicipalKhakassia-5 2 000 R 12.50 04/12/2016 10/11/2020 56.5 97.51 101.70 BB// MunicipalKhanty-9 14 000 R 11.40 04/17/2016 10/13/2019 44.5 100.61 0.27 4 837 100.22 100.70 11.47 11.30 1.42 BBB-/Ba2/BB+ MunicipalKomi-10 630 R 9.00 06/15/2016 12/15/2016 10.6 97.05 99.66 BB/B1/ MunicipalKomi-11 10 100 R 11.40 03/03/2016 11/27/2019 46.0 98.32 100.99 BB/B1/ MunicipalKomi-12 10 000 R 12.00 07/19/2016 06/23/2021 64.9 100.00 0.00 25 98.01 100.00 12.15 11.97 2.48 BB/B1/ MunicipalKostrReg-4 300 R 9.50 02/18/2016 11/17/2016 9.7 98.50 400 98.52 98.89 11.98 9.49 0.69 B+// MunicipalKostrReg-5 2 400 R 9.05 03/18/2016 09/28/2018 32.1 90.00 B+// MunicipalKrasnJarReg-10 12 500 R 12.70 03/15/2016 09/10/2019 43.5 101.90 (0.68) 24 101.90 102.70 12.51 11.92 2.32 BB+/B1/BB- MunicipalKrasnJarReg-11 4 250 R 11.70 02/02/2016 10/29/2019 45.1 99.01 BB+/B1/BB- MunicipalKrasnJarReg-5 900 R 8.00 05/31/2016 11/29/2016 10.1 96.51 BB+/B1/BB- MunicipalKrasnJarReg-6 6 764 R 8.25 04/21/2016 10/19/2017 20.7 95.80 1 516 94.56 96.44 12.29 8.42 1.03 BB+/B1/BB- MunicipalKrasnJarReg-7 11 000 R 7.95 03/23/2016 09/19/2018 31.8 93.53 95.00 BB+/B1/BB- MunicipalKrasnJarReg-8 10 000 R 10.90 03/14/2016 07/08/2018 29.4 98.42 99.44 BB+/B1/BB- MunicipalKrasnJarReg-9 8 250 R 11.50 04/04/2016 10/01/2018 32.2 98.80 49 738 99.00 100.10 12.53 11.23 1.61 BB+/B1/BB- MunicipalKrasnodReg-4 3 765 R 8.95 02/11/2016 11/09/2017 21.4 97.99 2 97.32 98.39 11.70 8.96 0.80 BB/B1/ MunicipalKrasnodReg-5 4 800 R 12.80 03/01/2016 11/27/2018 34.0 102.35 3 101.50 102.70 11.17 2.67 1.43 BB/B1/ MunicipalLenReg-4 248 R 12.85 03/15/2016 12/07/2021 70.4 99.52 BBB-//BB+ MunicipalLipetskReg-7 1 000 R 9.00 05/27/2016 05/26/2017 15.9 95.21 99.89 BB// MunicipalLipetskReg-8 2 550 R 6.89 04/22/2016 04/17/2020 50.7 91.00 (1.00) 180 87.00 92.00 11.37 7.56 2.32 BB// MunicipalLipetskReg-9 4 500 R 10.50 03/08/2016 06/04/2019 40.2 97.60 98.10 BB// MunicipalMagadanskayaReg-1 1 000 R 15.00 03/28/2016 12/24/2018 34.9 102.88 MunicipalMariyEl-7 1 200 R 11.30 03/31/2016 07/07/2018 29.3 98.03 99.82 BB// MunicipalMordRes-1 2 400 R 9.25 04/25/2016 10/22/2018 32.8 94.99 0.18 72 94.55 94.80 13.25 9.74 1.36 /B2/ MunicipalMordRes-2 3 000 R 13.75 04/20/2016 10/14/2020 56.6 102.44 0.01 1 572 102.41 102.44 13.41 13.39 2.28 /B2/ MunicipalMoscow-48 30 000 R 7.00 06/11/2016 06/11/2022 76.5 78.32 0.50 360 000 78.41 79.99 11.42 8.84 4.58 BBB-/Ba1/BB+ MunicipalMoscow-49 14 056 R 7.00 06/14/2016 06/14/2017 16.6 98.97 3.50 14 95.00 95.96 7.94 7.01 1.23 BBB-/Ba1/BB+ MunicipalMoscow-56 8 468 R 7.00 03/22/2016 09/22/2016 7.9 98.10 95 97.50 99.00 10.28 6.96 0.58 BBB-/Ba1/BB+ MunicipalMoscow-66 4 348 R 12.849 02/23/2016 11/23/2018 33.9 107.00 0.00 4 106.10 107.44 10.35 11.76 2.16 BBB-/Ba1/BB+ MunicipalMoscow-67 29 694 R 7.00 06/01/2016 06/01/2016 4.1 98.90 0.21 6 245 98.93 99.00 10.50 7.00 0.31 BBB-/Ba1/BB+ MunicipalNizhgorReg-10 12 000 R 11.15 02/28/2016 08/23/2020 54.9 103.50 (0.04) 196 103.50 103.55 12.71 10.30 2.41 BB/B1/ MunicipalNizhgorReg-7 2 000 R 9.15 05/12/2016 11/16/2016 9.7 98.70 0.45 80 97.74 98.70 11.12 9.10 0.71 BB/B1/ MunicipalNizhgorReg-8 6 400 R 9.65 02/24/2016 08/29/2017 19.1 98.00 0.00 2 500 97.80 98.00 11.92 9.46 0.89 BB/B1/ MunicipalNizhgorReg-9 8 500 R 8.37 02/22/2016 08/26/2020 55.0 92.49 (0.01) 41 92.00 92.38 12.47 9.21 1.79 BB/B1/ MunicipalNovosibirsk-05 400 R 6.94 02/03/2016 09/06/2017 19.3 96.50 3 920 92.54 98.00 12.21 7.07 0.66 //BB+ MunicipalNovosibirsk-06 3 750 R 8.65 01/27/2016 07/22/2020 53.9 90.01 95.49 //BB+ MunicipalNovosibirsk-07 2 000 R 11.86 04/12/2016 10/10/2022 80.5 101.39 0.80 95 100.40 101.50 12.38 11.65 2.72 //BB+ MunicipalNovosibReg-01 5 000 R 7.79 01/28/2016 10/30/2018 33.1 92.02 95.50 BBB-// MunicipalNovosibReg-02 7 000 R 11.40 04/16/2016 10/08/2019 44.4 98.52 100.70 BBB-// MunicipalOmsk-1 700 R 13.06 03/02/2016 12/03/2017 22.2 100.00 /B2/OmsReg-1 2 000 R 7.85 04/13/2016 10/14/2016 8.6 97.00 105.00 /Ba3/ MunicipalOmsReg-2 4 000 R 12.30 04/19/2016 10/15/2019 44.6 100.20 101.54 /Ba3/ MunicipalOrenburg Reg-01 2 000 R 10.00 03/17/2016 12/14/2017 22.6 94.56 100.97 BB// MunicipalOrenburg Reg-02 4 500 R 8.50 03/23/2016 06/19/2019 40.7 85.88 98.00 BB// MunicipalOrenburg Reg-03 5 400 R 11.00 03/21/2016 06/14/2021 64.6 84.76 101.00 BB// MunicipalOrenburg Reg-04 5 000 R 14.00 04/14/2016 07/03/2025 113.3 109.00 111.00 BB// MunicipalRyazReg-2 1 875 R 9.50 03/17/2016 12/14/2017 22.6 97.71 98.40 B+// MunicipalSakha-10 1 500 R 8.57 02/11/2016 05/17/2017 15.6 98.00 5 000 97.50 99.00 11.68 8.59 0.67 BBB-//BB MunicipalSakha-3 1 000 R 7.95 02/19/2016 05/20/2016 3.7 99.16 (0.09) 1 980 97.41 99.15 11.12 7.90 0.28 BBB-//BB MunicipalSakha-5 2 250 R 9.20 04/20/2016 04/24/2018 26.9 96.80 0.40 1 96.30 99.99 11.45 9.49 1.31 BBB-//BB MunicipalSakha-6 2 000 R 10.10 03/30/2016 07/02/2021 65.2 98.10 394 94.51 98.05 11.42 10.22 2.02 BBB-//BB MunicipalSakha-7 5 500 R 12.43 02/18/2016 05/14/2020 51.6 98.00 BBB-//BB MunicipalSamaraReg-10 10 800 R 10.00 04/07/2016 07/01/2021 65.2 94.81 97.99 /Ba3/BB MunicipalSamaraReg-11 7 000 R 12.40 03/24/2016 06/18/2020 52.7 101.25 102.00 /Ba3/BB MunicipalSamaraReg-7 2 440 R 7.49 03/02/2016 11/30/2016 10.1 97.50 3 95.55 98.00 11.61 7.59 0.63 /Ba3/BB MunicipalSamaraReg-8 2 000 R 9.00 03/16/2016 12/13/2017 22.6 94.73 99.89 /Ba3/BB MunicipalSamaraReg-9 6 640 R 8.15 02/05/2016 07/31/2020 54.1 88.01 95.99 /Ba3/BB MunicipalSmolReg-1 2 250 R 8.90 04/18/2016 10/20/2018 32.8 92.82 (3.26) 31 93.09 96.09 14.38 9.57 1.38 B+// MunicipalSPeterburg-2 5 859 R 7.94 06/02/2016 06/01/2017 16.1 93.51 98.55 BBB-/Ba1/ MunicipalStavropolskyReg-01 1 750 R 9.20 03/15/2016 12/12/2017 22.5 96.01 99.00 BB// MunicipalStavropolskyReg-02 3 000 R 8.09 02/03/2016 11/04/2020 57.3 91.73 92.94 BB// MunicipalSverdlReg-1 600 R 8.77 03/10/2016 12/11/2016 10.5 96.43 //BB MunicipalSverdlReg-2 1 050 R 8.45 03/02/2016 12/04/2017 22.3 94.76 101.54 //BB MunicipalTomsk-4 320 R 8.50 03/01/2016 11/29/2016 10.1 97.09 (0.01) 613 97.00 97.99 12.74 8.64 0.72 MunicipalTomsk-5 5 R 14.00 03/15/2016 12/15/2019 46.6 103.00 104.60 MunicipalTomskReg-10 4 000 R 8.75 03/22/2016 12/18/2018 34.7 93.01 97.99 //BB- Municipal

P5

REGIONAL BONDS

Ratings F/M/S


IssueAmount

outst., mln


PriceCoupon rate, %

Dates


pcsChange

Ruble Bonds


TomskReg-11 0 R 9.90 03/28/2016 06/19/2023 88.8 93.01 97.99 //BB- MunicipalTomskReg-8 2 750 R 8.60 03/20/2016 12/19/2017 22.8 96.65 5 96.10 96.65 12.05 8.82 1.04 //BB- MunicipalTulReg-3 3 250 R 7.98 02/18/2016 05/18/2017 15.7 96.72 (0.58) 615 160 96.04 97.30 12.35 8.12 0.78 BB// MunicipalTulReg-4 5 000 R 12.20 04/27/2016 05/15/2019 39.6 100.01 101.24 BB// MunicipalTverReg-11 1 500 R 9.70 03/21/2016 12/18/2017 22.7 94.03 99.00 BB-// MunicipalTverReg-12 1 500 R 9.80 02/25/2016 11/22/2018 33.9 94.00 96.99 BB-// MunicipalUdmurtiya-5 600 R 10.05 05/26/2016 11/24/2016 9.9 98.04 105.00 BB-// MunicipalUdmurtiya-6 1 500 R 10.10 06/07/2016 12/05/2017 22.3 94.49 97.49 BB-// MunicipalUdmurtiya-7 1 800 R 8.45 04/07/2016 10/01/2020 56.2 85.02 95.00 BB-// MunicipalUdmurtiya-8 3 000 R 13.80 03/24/2016 09/17/2020 55.7 104.51 106.00 BB-// MunicipalVolgograd-6 400 R 9.47 02/24/2016 08/23/2017 18.9 98.00 0.00 100 97.00 98.00 12.23 9.50 0.79 /B2/ MunicipalVolgograd-7 1 000 R 12.56 04/24/2016 10/10/2019 44.4 99.00 104.99 /B2/ MunicipalVolgograd-8 1 000 R 13.73 05/13/2016 10/19/2020 56.8 95.01 /B2/ MunicipalVolgReg-10 600 R 7.00 05/04/2016 05/04/2016 3.2 99.00 105.00 B+// MunicipalVolgReg-11 1 500 R 8.24 01/29/2016 05/28/2017 16.0 94.75 (4.00) 10 94.85 98.74 15.51 8.52 0.71 B+// MunicipalVolgReg-12 4 000 R 7.77 03/17/2016 06/14/2018 28.6 99.00 1 88.82 99.00 8.72 7.78 1.05 B+// MunicipalVolgReg-13 1 600 R 7.80 02/04/2016 11/01/2018 33.2 92.01 101.61 B+// MunicipalVolgReg-14 4 250 R 10.50 03/17/2016 07/13/2019 41.5 95.31 97.48 B+// MunicipalVolgReg-15 5 000 R 12.74 02/05/2016 10/30/2020 57.1 95.01 B+// MunicipalVologReg-1 502 R 10.65 03/16/2016 12/14/2016 10.6 99.28 0.43 4 863 98.99 99.35 12.01 10.60 0.76 MunicipalVologReg-2 2 300 R 9.75 03/08/2016 12/05/2017 22.3 98.15 0.13 13 98.00 98.15 12.80 9.80 0.67 MunicipalVolzhskiy-1 300 R 15.00 01/27/2016 12/24/2019 46.9 102.20 MunicipalVoronezhReg-5 1 750 R 6.85 03/15/2016 12/17/2017 22.7 95.66 0.26 253 94.71 95.30 12.33 7.11 0.76 MunicipalVoronezhReg-6 4 500 R 7.78 04/23/2016 10/23/2018 32.9 97.07 (1.76) 8 86.47 97.00 10.25 8.01 1.21 MunicipalVoronezhReg-7 4 941 R 11.75 04/14/2016 10/14/2019 44.6 98.79 102.00 MunicipalYaroslReg-12 5 000 R 7.85 04/15/2016 07/13/2018 29.5 96.00 10 93.04 95.90 11.42 8.16 1.12 BB// MunicipalYaroslReg-13 7 000 R 10.20 03/29/2016 09/24/2019 43.9 97.78 (0.22) 2 97.50 97.78 12.07 10.35 1.49 BB// Municipal

P5

REGIONAL BONDS

Ratings F/M/S


IssueAmount

outst., mln


PriceCoupon rate, %

Dates


pcsChange

Ruble Bonds


AFK Sistema '19 500 $ 6.95 05/17/2016 05/17/2019 39.6 100.40 0.04 100.00 100.79 6.81 6.83 2.88 BB-/B1/BB TelecomsAHML '18 15 000 R 7.75 02/13/2016 02/13/2018 24.6 93.11 0.43 92.88 93.35 11.62 8.02 1.76 /Ba1/BB+ FinancialsAkBars '18 350 $ 8.00 08/06/2016 08/06/2018 30.3 101.58 (0.04) 101.13 102.04 7.26 7.59 2.16 BB-/B2/ FinancialsAkBars '22 600 $ 8.00 07/13/2016 07/13/2022 77.6 98.25 (1.31) 97.63 98.88 8.35 8.12 4.94 B// FinancialsAlfaBank '16 10 000 R 8.625 04/26/2016 04/26/2016 3.0 99.27 0.13 99.01 99.52 11.55 8.50 0.24 BB+/Ba2/BB FinancialsAlfaBank '17 02 300 $ 6.30 02/22/2016 02/22/2017 12.9 100.99 0.40 100.65 101.32 5.34 6.08 1.00 BB/B1/B+ FinancialsAlfaBank '17 06 350 € 5.50 06/10/2016 06/10/2017 16.4 101.07 0.06 100.64 101.50 4.65 5.26 1.26 BB/Ba2/B+ FinancialsAlfaBank '17 09 1 000 $ 7.875 03/25/2016 09/25/2017 20.0 104.16 0.19 103.85 104.47 5.22 7.37 1.52 BB+/Ba2/BB FinancialsAlfaBank '18 85 ₣ 4.00 01/16/2017 01/16/2018 23.7 96.88 0.00 95.75 98.00 5.72 4.12 1.83 BB/Ba2/B+ FinancialsAlfaBank '18 5% 500 $ 5.00 05/27/2016 11/27/2018 34.0 98.60 0.15 98.30 98.90 5.54 5.03 2.59 BB+/Ba2/BB FinancialsAlfaBank '19 750 $ 7.50 03/26/2016 09/26/2019 44.0 100.90 0.76 100.53 101.27 7.21 7.25 3.09 BB/B1/B+ FinancialsAlfaBank '21 1 000 $ 7.75 04/28/2016 04/28/2021 63.1 102.61 0.11 102.18 103.05 7.14 7.42 4.20 BB+/Ba2/BB FinancialsAlfaBank '25 250 $ 9.50 02/18/2016 02/18/2020 02/18/2025 48.8 108.8 100.08 (0.23) 99.62 100.54 9.47 9.48 9.11 3.18 BB// FinancialsAllianceOil '19 350 $ 10.00 03/11/2016 03/11/2017 03/11/2019 13.4 37.4 51.33 (0.30) 48.95 53.71 88.36 42.87 18.16 0.70 //B- Oil & GasAllianceOil '20 500 $ 7.00 05/04/2016 05/04/2020 51.3 40.49 (1.53) 38.00 42.99 34.66 16.63 2.80 Oil & GasAlrosa '20 1 000 $ 7.75 05/03/2016 11/03/2020 57.3 104.62 0.12 104.18 105.05 6.60 7.28 3.90 BB/Ba2/BB- Metals & MiningBank Otkrytie '19 300 $ 10.00 06/17/2016 12/17/2019 46.7 103.00 0.00 102.50 103.50 9.06 9.61 3.15 /B2/ FinancialsBoM '17 400 $ 6.02 05/10/2016 05/10/2017 15.4 99.02 0.01 98.65 99.40 6.81 6.00 1.20 /B1/ FinancialsBorets '18 420 $ 7.625 03/26/2016 09/26/2018 32.0 81.18 (0.12) 80.24 82.12 16.63 9.11 2.18 /B1/BB- Oil & GasBrunswickRail '17 600 $ 6.50 05/01/2016 11/01/2017 21.2 43.50 (0.00) 42.00 45.01 64.51 14.43 1.21 /Caa3/CCC- TransportationCreditEurB '19 250 $ 8.50 05/15/2016 11/15/2019 45.6 100.63 0.06 99.50 101.75 8.30 8.31 3.15 B+/B2/ FinancialsDME '18 300 $ 6.00 05/26/2016 11/26/2018 34.0 98.56 0.24 98.16 98.96 6.56 6.03 2.54 BB+//BB+ TransportationEBRD '16 11 3 000 R 02/14/2016 11/14/2016 9.6 AAA/Aaa/AAA FinancialsEBRD '16 2 7 500 R 02/12/2016 02/12/2016 0.5 AAA/Aaa/AAA FinancialsEDC '20 600 $ 4.875 04/17/2016 04/17/2020 50.7 87.73 0.36 87.24 88.22 8.38 5.47 3.63 BB//BB Oil & GasEurDevBank '17 5 000 R 8.00 04/05/2016 10/05/2017 20.3 94.22 (0.17) 93.88 94.57 11.85 8.27 1.49 /Baa1/BBB- FinancialsEurDevBank '20 500 $ 5.00 03/26/2016 09/26/2020 56.0 98.79 (0.11) 98.18 99.41 5.29 4.98 4.04 /Baa1/BBB- FinancialsEurDevBank '22 500 $ 4.767 03/20/2016 09/20/2022 79.8 93.62 (0.23) 92.96 94.27 5.94 5.00 5.48 /Baa1/BBB- FinancialsEurochem '17 750 $ 5.125 06/12/2016 12/12/2017 22.5 100.37 (0.01) 100.01 100.73 4.91 5.07 1.76 BB//BB ChemicalsEvraz '17 600 $ 7.40 04/24/2016 04/24/2017 14.9 102.71 0.00 102.36 103.05 5.12 7.07 1.16 BB-/B1/BB- Metals & MiningEvraz '18 6.75% 850 $ 6.75 04/27/2016 04/27/2018 27.0 97.17 (0.01) 96.71 97.62 8.14 6.83 2.01 BB-/B1/BB- Metals & MiningEvraz '18 9.5% 700 $ 9.50 04/24/2016 04/24/2018 26.9 103.19 (0.09) 102.75 103.63 7.91 8.99 1.95 BB-/B1/BB- Metals & MiningEvraz '19 350 $ 7.50 05/15/2016 05/15/2017 11/15/2019 15.6 45.6 88.06 0.00 87.88 88.25 21.06 11.45 8.38 1.13 BB-/Ba3/BB Metals & MiningEvraz '20 1 000 $ 6.50 04/22/2016 04/22/2020 50.9 91.11 (0.03) 90.69 91.54 9.07 7.00 3.52 BB-/Ba3/BB- Metals & MiningEvraz '21 750 $ 8.25 07/28/2016 01/28/2021 60.1 97.06 0.05 96.67 97.45 21.34 8.42 3.88 BB-/Ba3/BB- Metals & MiningExpobank '21 20 $ 8.00 04/22/2016 04/22/2021 62.9 FinancialsFEES '19 17 500 R 8.446 03/13/2016 03/13/2019 37.5 91.77 (0.08) 91.50 92.03 11.65 8.90 2.56 BBB-/Ba1/BB+ UtilitiesFESCO '18 550 $ 8.00 05/02/2016 05/02/2016 05/02/2018 3.2 27.2 58.00 0.49 57.00 59.00 404.59 36.85 13.36 0.09 B-//B- TransportationFESCO '20 325 $ 8.75 05/02/2016 05/02/2017 05/02/2020 15.2 51.2 57.50 (0.02) 56.01 59.00 65.70 25.69 14.70 0.89 B-//B- TransportationGazp '16 05 1 000 $ 4.95 05/23/2016 05/23/2016 3.8 100.75 0.01 100.53 100.97 2.61 4.87 0.32 BBB-/Ba1/BB+ Oil & GasGazp '16 11 1 350 $ 6.212 05/22/2016 11/22/2016 9.9 102.27 (0.02) 102.05 102.48 3.39 6.01 0.79 BBB-/Ba1/BB+ Oil & GasGazp '17 3.755% 1 400 € 3.755 03/15/2016 03/15/2017 13.6 100.18 0.04 99.89 100.46 3.59 3.63 1.06 BBB-/Ba1/BB+ Oil & GasGazp '17 5.136% 500 € 5.136 03/22/2016 03/22/2017 13.8 101.70 0.05 101.33 102.07 3.59 4.84 1.07 BBB-/Ba1/BB+ Oil & GasGazp '17 5.44% 500 € 5.44 11/02/2016 11/02/2017 21.2 102.94 0.10 102.59 103.30 3.68 5.22 1.66 BBB-/Ba1/BB+ Oil & GasGazp '18 07 900 R 3.70 07/25/2016 07/25/2018 29.9 98.66 0.21 98.25 99.06 3.68 BBB-/Ba1/BB+ Oil & GasGazp '18 10 1 000 € 4.625 10/15/2016 10/15/2018 32.6 100.36 0.08 99.97 100.74 13.24 40.81 1.45 BBB-/Ba1/BB+ Oil & GasGazp '18 EUR 1 200 € 6.605 02/13/2016 02/13/2018 24.6 104.39 0.05 104.01 104.76 4.32 5.97 1.79 BBB-/Ba1/BB+ Oil & GasGazp '18 USD 1 100 $ 8.146 04/11/2016 04/11/2018 26.5 106.93 0.09 106.64 107.23 4.79 7.45 1.98 BBB-/Ba1/BB+ Oil & GasGazp '19 CHF 500 ₣ 2.85 10/25/2016 10/25/2019 44.9 96.42 0.01 95.62 97.22 3.89 2.93 3.45 BBB-/Ba1/BB+ Oil & GasGazp '19 USD 2 250 $ 9.25 04/23/2016 04/23/2019 38.9 110.37 0.20 110.01 110.73 5.70 8.20 2.76 BBB-/Ba1/BB+ Oil & GasGazp '20 3.85% 800 $ 3.85 02/06/2016 02/06/2020 48.4 93.24 0.75 92.86 93.61 5.75 4.05 3.58 BBB-/Ba1/BB+ Oil & GasGazp '20 EUR 1 000 € 3.389 03/20/2016 03/20/2020 49.8 93.97 0.18 93.48 94.46 5.03 3.50 3.64 BBB-/Ba1/BB+ Oil & GasGazp '20 GBP 500 £ 5.338 03/25/2016 09/25/2020 56.0 93.93 (0.13) 93.45 94.41 6.88 5.58 3.96 BBB-/Ba1/BB+ Oil & GasGazp '21 EUR 750 € 3.60 02/26/2016 02/26/2021 61.1 92.89 0.22 92.41 93.37 5.23 3.74 4.33 BBB-/Ba1/BB+ Oil & GasGazp '21 USD 600 $ 5.999 07/23/2016 01/23/2021 59.9 98.99 0.36 98.60 99.37 6.24 6.06 4.25 BBB-/Ba1/BB+ Oil & GasGazp '22 03 1 300 $ 6.51 03/07/2016 03/07/2022 73.3 99.88 0.55 99.54 100.22 6.53 6.36 4.86 BBB-/Ba1/BB+ Oil & GasGazp '22 07 1 000 $ 4.95 07/19/2016 07/19/2022 77.8 92.99 0.63 92.62 93.35 6.28 5.32 5.41 BBB-/Ba1/BB+ Oil & GasGazp '25 500 € 4.364 03/21/2016 03/21/2025 109.8 92.85 0.28 92.22 93.47 5.37 4.52 7.01 BBB-/Ba1/BB+ Oil & GasGazp '28 900 $ 4.95 02/06/2016 02/06/2028 144.4 84.53 0.44 84.04 85.02 6.86 5.70 8.39 BBB-/Ba1/BB+ Oil & GasGazp '34 1 200 $ 8.625 04/28/2016 04/28/2034 219.2 109.75 0.69 109.17 110.32 7.63 7.71 9.36 BBB-/Ba1/BB+ Oil & GasGazp '37 1 250 $ 7.288 02/16/2016 08/16/2037 258.8 98.22 1.00 97.72 98.71 7.45 7.18 10.35 BBB-/Ba1/BB+ Oil & GasGazprombank perp 1 000 $ 7.875 04/25/2016 04/25/2018 26.9 77.69 0.58 76.54 78.85 20.77 9.88 1.84 FinancialsGazpromNeft '18 750 € 2.933 04/26/2016 04/26/2018 27.0 95.74 0.03 95.24 96.23 4.98 2.99 2.06 BBB-/Ba1/BB+ Oil & GasGazpromNeft '22 1 500 $ 4.375 03/19/2016 09/19/2022 79.8 86.18 1.18 85.78 86.58 7.01 4.99 5.47 BBB-/Ba1/BB+ Oil & GasGazpromNeft '23 1 500 $ 6.00 05/27/2016 11/27/2023 94.1 91.50 1.41 91.10 91.90 7.45 6.49 6.00 BBB-/Ba1/BB+ Oil & GasGPB '16 02 500 ¥ 4.00 02/24/2016 02/24/2016 0.9 99.05 0.00 98.57 99.52 17.10 3.97 0.07 BB+/Ba2/BB+ FinancialsGPB '16 05 120 $ 7.35 05/08/2016 05/08/2016 3.4 101.03 0.03 100.81 101.25 3.55 6.91 0.27 BB+/Ba2/BB+ FinancialsGPB '16 07 20 000 R 7.875 07/25/2016 07/25/2016 5.9 98.24 (0.02) 98.04 98.43 11.63 8.01 0.47 BB+/Ba2/BB+ FinancialsGPB '16 11 20 000 R 05/24/2016 11/24/2016 9.9 BB+/Ba2/BB+ FinancialsGPB '16 12 200 ₣ 2.375 12/09/2016 12/09/2016 10.4 98.62 0.09 97.89 99.34 4.02 2.40 0.84 BB+/Ba2/BB+ FinancialsGPB '17 1 000 ¥ 4.25 01/29/2016 01/30/2017 12.1 BB+/Ba2/BB+ FinancialsGPB '17 1 000 $ 5.625 05/18/2016 05/18/2017 15.7 100.63 0.02 100.29 100.96 5.12 5.53 1.24 BB+/Ba2/BB+ FinancialsGPB '18 1 000 € 3.984 10/30/2016 10/30/2018 33.1 95.30 0.21 94.86 95.74 5.87 4.13 2.50 BB+/Ba2/BB+ FinancialsGPB '19 05 500 $ 7.25 05/03/2016 05/03/2019 39.2 98.21 0.21 97.70 98.71 7.88 7.26 2.81 BB/B2/BB- FinancialsGPB '19 07 1 000 € 4.00 07/01/2016 07/01/2019 41.1 93.26 0.14 92.80 93.73 6.23 4.17 3.01 BB+/Ba2/BB+ FinancialsGPB '19 09 750 $ 4.96 03/05/2016 09/05/2019 43.3 94.47 0.29 94.05 94.89 6.71 5.14 3.17 BB+/Ba2/BB+ FinancialsGPB '19 RUB 13 500 R 8.75 06/29/2016 06/29/2019 41.1 90.19 0.13 89.88 90.50 12.39 9.19 2.61 BB// FinancialsGPB '23 750 $ 7.496 06/28/2016 12/28/2018 12/28/2023 35.0 95.1 84.71 0.28 84.13 85.29 14.05 8.79 2.46 B+// FinancialsGPB '24 325 ₣ 5.125 05/13/2016 05/13/2019 05/13/2024 39.5 99.6 90.21 (0.26) 89.21 91.20 8.65 6.70 5.46 2.76 B+// FinancialsHCFB '20 500 $ 9.375 04/24/2016 04/24/2018 04/24/2020 26.9 50.9 94.14 (0.05) 93.15 95.14 12.43 9.71 1.90 B/B3/ FinancialsHCFB '21 200 $ 10.50 04/17/2016 04/17/2019 04/19/2021 38.7 62.8 86.69 0.01 84.88 88.49 15.92 14.18 11.72 2.50 B// FinancialsKHMB '23 200 $ 9.15 06/18/2016 06/18/2023 88.7 80.38 0.75 79.38 81.38 13.41 11.25 4.90 /Caa1/B+ FinancialsKoks '16 163 $ 7.75 06/23/2016 06/23/2016 4.9 95.50 0.50 94.50 96.50 19.67 8.06 0.37 B/B3/B- Metals & Mining

P5

Ratings F/M/S


IssueAmount

outst., mln


PriceCoupon rate, %

Dates


pcsChange

Eurobonds


Koks '18 136 $ 10.75 06/28/2016 12/28/2018 35.0 88.00 (0.06) 87.25 88.75 16.04 12.10 2.35 B/B3/B Metals & MiningLukoil '17 500 $ 6.356 06/07/2016 06/07/2017 16.3 103.87 0.03 103.64 104.10 3.42 6.07 1.30 BBB-/Ba1/BBB- Oil & GasLukoil '18 1 500 $ 3.416 04/24/2016 04/24/2018 26.9 97.64 0.08 97.29 97.97 4.53 3.47 2.11 BBB-/Ba1/BBB- Oil & GasLukoil '19 600 $ 7.25 05/05/2016 11/05/2019 45.3 106.65 0.15 106.29 107.00 5.28 6.70 3.25 BBB-/Ba1/BBB- Oil & GasLukoil '20 1 000 $ 6.125 05/09/2016 11/09/2020 57.5 101.42 0.31 100.94 101.90 5.78 5.96 4.06 BBB-/Ba1/BBB- Oil & GasLukoil '22 500 $ 6.656 06/07/2016 06/07/2022 76.4 101.61 0.47 101.20 102.02 6.34 6.49 5.09 BBB-/Ba1/BBB- Oil & GasLukoil '23 1 500 $ 4.563 04/24/2016 04/24/2023 86.9 89.02 0.55 88.60 89.44 6.48 5.06 5.91 BBB-/Ba1/BBB- Oil & GasM2M '19 34 $ 9.00 04/25/2016 10/25/2019 44.9 112.38 0.38 112.00 112.75 5.31 7.85 3.15 B// FinancialsMBRD '16 60 $ 7.93 03/10/2016 03/10/2016 1.4 98.06 0.06 96.63 99.50 24.59 7.85 0.11 /Caa1/ FinancialsMCB '18 02 500 $ 7.70 02/01/2016 02/01/2018 24.2 99.38 0.04 98.97 99.79 8.04 7.47 1.76 BB/B1/BB- FinancialsMCB '18 11 500 $ 8.70 05/13/2016 11/13/2018 33.6 89.89 0.21 89.17 90.62 13.12 9.49 2.33 BB-// FinancialsMCB '25 5 000 R 16.50 05/26/2016 05/26/2020 05/26/2025 52.0 112.0 100.19 0.00 100.00 100.38 16.41 9.70 16.03 2.94 BB-/B1/BB- FinancialsMetalloInv '16 750 $ 6.50 07/21/2016 07/21/2016 5.8 100.81 0.06 100.60 101.03 4.79 6.44 0.47 BB/Ba2/BB Metals & MiningMetalloInv '20 1 000 $ 5.625 04/17/2016 04/17/2020 50.7 92.86 0.25 92.40 93.33 7.63 5.96 3.60 BB/Ba2/BB Metals & MiningMoscow '16 408 € 5.064 10/20/2016 10/20/2016 8.8 101.99 (0.07) 101.71 102.28 2.28 4.90 0.72 BBB-/Ba1/BB+ MunicipalMTS '20 750 $ 8.625 06/22/2016 06/22/2020 52.9 110.34 0.08 109.88 110.79 5.92 7.76 3.66 BB+/Ba1/BB+ TelecomsMTS '23 500 $ 5.00 05/30/2016 05/30/2023 88.1 91.97 0.18 91.50 92.44 6.38 5.39 5.94 BB+/Ba1/BB+ TelecomsNLMK '18 800 $ 4.45 02/19/2016 02/19/2018 24.8 99.17 0.01 98.87 99.47 4.88 4.40 1.91 BBB-/Ba1/BB+ Metals & MiningNLMK '19 500 $ 4.95 03/26/2016 09/26/2019 44.0 98.63 (0.01) 98.23 99.03 5.36 4.94 3.25 BBB-/Ba1/BB+ Metals & MiningNordgold '18 500 $ 6.375 05/07/2016 05/07/2018 27.3 100.15 0.37 99.69 100.60 6.30 6.28 2.07 BB-/Ba3/ Metals & MiningNorNikel '18 750 $ 4.375 04/30/2016 04/30/2018 27.1 99.99 0.03 99.64 100.34 4.38 4.33 2.11 BBB-/Ba1/BBB- Metals & MiningNorNikel '20 1 000 $ 5.55 04/28/2016 10/28/2020 57.1 100.16 0.16 99.74 100.58 5.51 5.47 4.08 BBB-/Ba1/BBB- Metals & MiningNorNikel '22 1 000 $ 6.625 04/14/2016 10/14/2022 80.6 100.53 0.21 100.20 100.86 6.52 6.47 5.26 BBB-/Ba1/BBB- Metals & MiningNovatek '16 600 $ 5.326 02/03/2016 02/03/2016 0.2 100.10 (0.02) 100.00 100.21 0.03 5.19 0.02 BBB-/Ba1/BB+ Oil & GasNovatek '17 14 000 R 7.75 02/21/2016 02/21/2017 12.9 96.31 0.28 96.10 96.51 11.51 7.78 0.96 BBB-/Ba1/BB+ Oil & GasNovatek '21 650 $ 6.604 02/03/2016 02/03/2021 60.3 99.63 0.30 99.25 100.01 6.69 6.42 4.08 BBB-/Ba1/BB+ Oil & GasNovatek '22 1 000 $ 4.422 06/13/2016 12/13/2022 82.6 86.91 0.14 86.47 87.35 6.84 5.06 5.70 BBB-/Ba1/BB+ Oil & GasOtkritieFC '18 500 $ 7.25 04/25/2016 04/25/2018 26.9 100.11 0.12 99.70 100.53 7.19 7.11 2.01 /Ba3/BB- FinancialsOtkritieFC '19 500 $ 10.00 04/26/2016 04/26/2019 39.0 100.25 0.01 99.78 100.72 9.90 9.73 2.66 /B2/ FinancialsPeresvet '26 8 000 R 13.25 07/22/2016 01/22/2026 119.9 FinancialsPhosAgro '18 500 $ 4.204 02/13/2016 02/13/2018 24.6 99.39 0.07 98.95 99.83 4.52 4.15 1.90 BB+/Ba1/BBB- ChemicalsPolyus Gold '20 750 $ 5.625 04/29/2016 04/29/2020 51.1 95.73 (0.00) 95.28 96.18 6.79 5.79 3.66 BBB-//BB+ Metals & MiningPromSvyazB '16 200 $ 11.25 07/08/2016 07/08/2016 5.4 102.15 (1.85) 101.80 102.50 6.32 10.95 0.44 /B2/ FinancialsPromSvyazB '17 400 $ 8.50 04/25/2016 04/25/2017 14.9 101.95 0.05 101.15 102.74 6.83 8.17 1.15 /Ba3/BB- FinancialsPromSvyazB '19 600 $ 10.20 05/06/2016 11/06/2019 45.3 99.82 0.13 99.01 100.63 10.25 9.99 3.01 /B2/ FinancialsPromSvyazB '21 3 100 $ 10.50 03/17/2016 03/17/2021 61.7 91.27 0.04 90.11 92.43 12.86 11.05 3.65 FinancialsPromSvyazB '21 7 300 $ 10.50 01/30/2016 07/30/2021 66.1 96.34 0.12 95.28 97.40 11.41 10.35 3.86 /B3/ FinancialsRaspadskaya '17 400 $ 7.75 04/27/2016 04/27/2017 15.0 101.05 0.13 100.53 101.56 6.85 7.53 1.16 B+/B1/ Metals & MiningRBCIRU '18 140 $ 6.00 05/06/2016 05/06/2018 27.3 MediaRenaissance '16 325 $ 11.00 04/21/2016 04/21/2016 2.8 99.38 97.88 100.88 13.58 10.76 0.22 B-//B- FinancialsRenCap '16 350 $ 7.75 05/31/2016 05/31/2016 4.1 99.50 0.00 99.01 100.00 9.12 7.63 0.33 /B3/B- FinancialsRenCap '18 150 $ 13.50 06/21/2016 06/21/2018 28.8 86.55 0.05 84.10 89.00 20.87 15.36 1.88 /Caa1/ FinancialsRenCap '19 100 $ 13.50 05/22/2016 05/22/2019 39.8 80.88 0.00 79.00 82.75 21.86 16.21 2.38 FinancialsRosneft '17 1 000 $ 3.149 03/06/2016 03/06/2017 13.3 98.99 0.05 98.69 99.30 4.08 3.14 1.07 /Ba1/BB+ Oil & GasRosneft '22 2 000 $ 4.199 03/06/2016 03/06/2022 73.3 85.79 0.42 85.38 86.21 7.10 4.80 5.11 /Ba1/BB+ Oil & GasRSHB '16 CNY 1 000 ¥ 3.60 02/04/2016 02/04/2016 0.3 99.57 0.04 99.21 99.93 23.02 3.55 0.02 BB+/Ba2/ FinancialsRSHB '16 RUB 32 000 R 8.70 03/17/2016 03/17/2016 1.6 99.41 (0.00) 99.36 99.47 12.80 8.49 0.13 BB+/Ba2/ FinancialsRSHB '17 02 20 000 R 8.625 02/17/2016 02/17/2017 12.7 95.94 0.03 95.52 96.37 12.83 8.65 0.94 BB+/Ba2/ FinancialsRSHB '17 05 1 250 $ 6.299 05/15/2016 05/15/2017 15.6 100.90 0.19 100.55 101.25 5.57 6.17 1.22 BB+/Ba2/ FinancialsRSHB '17 12 1 600 $ 5.298 06/27/2016 12/27/2017 23.0 98.97 0.18 98.59 99.35 5.87 5.33 1.79 BB+/Ba2/ FinancialsRSHB '18 02 10 000 R 7.875 02/07/2016 02/07/2018 24.4 91.67 0.11 91.42 91.91 12.65 8.26 1.73 BB+/Ba2/ FinancialsRSHB '18 05 1 000 $ 7.75 05/29/2016 05/29/2018 28.0 103.86 0.44 103.56 104.16 5.95 7.37 2.10 BB+/Ba2/ FinancialsRSHB '18 07 1 300 $ 5.10 07/25/2016 07/25/2018 29.9 98.08 0.51 97.74 98.42 5.94 5.20 2.31 BB+/Ba2/ FinancialsRSHB '21 800 $ 6.00 06/03/2016 06/03/2016 06/03/2021 4.2 64.2 94.26 0.26 93.51 95.01 23.80 6.31 0.32 BB/B2/ FinancialsRSHB '23 500 $ 8.50 04/16/2016 10/16/2023 92.7 90.13 0.40 89.45 90.80 10.39 9.19 5.28 FinancialsRussia '17 2 000 $ 3.25 04/04/2016 04/04/2017 14.2 100.25 0.06 100.01 100.48 3.03 3.21 1.15 BBB-/Ba1/BB+ GovernmentRussia '18 RUB 90 000 R 7.85 03/10/2016 03/10/2018 25.4 95.29 0.09 95.15 95.43 10.37 7.99 1.84 BBB-/Ba1/BBB- GovernmentRussia '18 USD 3 466 $ 11.00 07/24/2016 07/24/2018 29.9 117.00 0.38 116.50 117.50 3.79 9.40 2.23 BBB-/Ba1/BB+ GovernmentRussia '19 1 500 $ 3.50 07/16/2016 01/16/2019 35.7 99.41 0.40 99.08 99.74 3.71 3.52 2.79 BBB-/Ba1/BB+ GovernmentRussia '20 EUR 725 € 3.625 09/16/2016 09/16/2020 55.7 100.57 0.46 100.07 101.06 3.49 3.56 4.16 BBB-/Ba1/BB+ GovernmentRussia '20 USD 3 500 $ 5.00 04/29/2016 04/29/2020 51.1 103.61 0.64 103.29 103.94 4.07 4.77 3.78 BBB-/Ba1/BB+ GovernmentRussia '22 2 000 $ 4.50 04/04/2016 04/04/2022 74.3 99.78 0.82 99.50 100.06 4.54 4.45 5.28 BBB-/Ba1/BB+ GovernmentRussia '23 3 000 $ 4.875 03/16/2016 09/16/2023 91.7 101.13 1.11 100.88 101.38 4.70 4.74 6.22 BBB-/Ba1/BB+ GovernmentRussia '28 2 500 $ 12.75 06/24/2016 06/24/2028 149.0 158.78 0.68 158.06 159.51 5.97 7.97 7.47 BBB-/Ba1/BB+ GovernmentRussia '30 9 405 $ 7.50 03/31/2016 03/31/2030 170.2 120.08 0.01 119.96 120.21 2.89 6.03 4.13 BBB-/Ba1/BB+ GovernmentRussia '42 3 000 $ 5.625 04/04/2016 04/04/2042 314.4 94.09 1.39 93.68 94.51 6.08 5.87 12.99 BBB-/Ba1/BB+ GovernmentRussia '43 1 500 $ 5.875 03/16/2016 09/16/2043 331.9 96.04 1.27 95.60 96.47 6.17 5.99 13.02 BBB-/Ba1/BB+ GovernmentRusStandB '16 200 $ 7.561 06/01/2016 12/01/2016 10.2 77.67 0.00 75.17 80.16 41.30 9.59 0.68 /Caa3/CCC- FinancialsRusStandB '17 525 $ 9.25 07/11/2016 07/11/2017 17.5 90.00 1.49 87.03 92.99 17.28 10.23 1.28 /Caa2/CCC+ FinancialsRusStandB '22 451 $ 0.00 04/27/2016 10/27/2022 81.0 27.66 0.00 25.17 30.15 35.47 0.00 4.26 /Caa2/CCC+ FinancialsRZD '17 1 500 $ 5.739 04/03/2016 04/03/2017 14.2 101.85 0.02 101.59 102.11 4.12 5.54 1.12 BBB-/Ba1/BB+ TransportationRZD '18 525 ₣ 2.177 02/26/2016 02/26/2018 25.0 95.41 (0.08) 94.92 95.90 4.53 2.24 1.93 BBB-/Ba1/BB+ TransportationRZD '19 35 000 R 8.30 04/02/2016 04/02/2019 38.2 91.94 0.21 91.81 92.07 11.38 8.78 2.62 BBB-/Ba1/BBB- TransportationRZD '21 CHF 150 ₣ 2.73 02/26/2016 02/26/2021 61.1 91.19 0.16 90.55 91.83 4.72 2.91 4.46 BBB-/Ba1/BB+ TransportationRZD '21 EUR 1 000 € 3.374 05/20/2016 05/20/2021 63.8 89.40 (0.25) 88.90 89.91 5.74 3.67 4.55 BBB-/Ba1/BB+ TransportationRZD '22 1 400 $ 5.70 04/05/2016 04/05/2022 74.3 94.79 0.25 94.33 95.24 6.74 5.90 5.01 BBB-/Ba1/BB+ TransportationRZD '23 500 € 4.60 03/06/2016 03/06/2023 85.3 93.14 (0.35) 92.48 93.80 5.80 4.73 5.60 BBB-/Ba1/BB+ TransportationRZD '31 650 £ 7.487 03/25/2016 03/25/2031 182.0 90.54 0.18 89.84 91.24 8.61 8.05 8.40 BBB-/Ba1/BB+ TransportationSber '16 25 000 R 7.00 01/31/2016 01/31/2016 0.1 99.92 0.01 99.87 99.98 11.07 5.42 0.01 BBB-/Ba1/ FinancialsSber '17 02 1 000 $ 4.95 02/07/2016 02/07/2017 12.4 101.18 (0.02) 100.91 101.44 3.77 4.78 0.98 BBB/Ba1/ FinancialsSber '17 03 1 250 $ 5.40 03/24/2016 03/24/2017 13.9 101.65 0.03 101.41 101.90 3.92 5.22 1.10 BBB/Ba1/ FinancialsSber '17 CHF 250 ₣ 2.065 02/29/2016 02/28/2017 13.1 99.09 0.00 98.52 99.65 2.93 2.04 1.04 BBB/Ba1/ FinancialsSber '18 550 TRY 7.40 03/04/2016 03/04/2018 25.2 86.12 0.01 85.08 87.16 15.35 8.31 1.78 BBB-/Ba1/ Financials

P5

Ratings F/M/S


IssueAmount

outst., mln


PriceCoupon rate, %

Dates


pcsChange

Eurobonds


Sber '19 3.08% 500 € 3.08 03/07/2016 03/07/2019 37.3 95.00 0.13 94.13 95.88 4.83 3.20 2.88 BBB-/Ba1/ FinancialsSber '19 4.15% 500 $ 4.15 03/06/2016 03/06/2019 37.3 100.75 0.13 100.25 101.25 3.89 4.05 2.85 BBB/Ba1/ FinancialsSber '19 5.18% 1 000 $ 5.18 06/28/2016 06/28/2019 41.0 100.27 0.00 99.89 100.65 5.09 5.15 3.09 BBB-/Ba1/ FinancialsSber '19 EUR 1 000 € 3.352 11/15/2016 11/15/2019 45.6 96.58 0.11 96.15 97.00 4.34 3.45 3.46 BBB-/Ba1/ FinancialsSber '21 1 000 $ 5.717 06/16/2016 06/16/2021 64.7 99.69 0.24 99.24 100.15 5.78 5.70 4.55 BBB/Ba1/ FinancialsSber '22 02 1 500 $ 6.125 02/07/2016 02/07/2022 72.4 100.98 0.32 100.60 101.36 5.93 5.90 4.85 BBB-/Ba1/ FinancialsSber '22 10 2 000 $ 5.125 04/29/2016 10/29/2022 81.1 91.76 0.67 91.28 92.24 6.66 5.51 5.49 BB+/Ba2/ FinancialsSber '23 1 000 $ 5.25 05/23/2016 05/23/2023 87.9 86.75 1.10 86.19 87.30 7.64 5.99 5.79 BB+// FinancialsSber '24 1 000 $ 5.25 02/26/2016 02/26/2019 02/26/2024 37.0 97.1 86.45 0.54 85.77 87.13 10.78 6.20 2.64 BB+// FinancialsSeverstal '16 428 $ 6.25 07/26/2016 07/26/2016 6.0 101.81 0.01 101.62 102.01 2.58 6.14 0.49 BB+/Ba1/BB+ Metals & MiningSeverstal '17 784 $ 6.70 04/25/2016 10/25/2017 20.9 104.37 (0.04) 104.06 104.68 4.08 6.32 1.62 BB+/Ba1/BB+ Metals & MiningSeverstal '18 600 $ 4.45 03/19/2016 03/19/2018 25.7 100.44 0.05 99.98 100.89 4.23 4.36 2.00 BB+/Ba1/BB+ Metals & MiningSeverstal '22 750 $ 5.90 04/17/2016 10/17/2022 80.7 99.61 0.02 99.11 100.11 5.97 5.83 5.40 BB+/Ba1/BB+ Metals & MiningSibur '18 1 000 $ 3.914 01/31/2016 01/31/2018 24.2 97.79 0.18 97.46 98.13 5.07 3.14 1.87 BB+/Ba1/ ChemicalsSovComFlot '17 800 $ 5.375 04/27/2016 10/27/2017 21.0 99.05 (0.02) 98.56 99.53 5.95 5.35 1.63 BB/Ba3/BB+ TransportationSPB Bank '17 100 $ 7.63 07/25/2016 07/25/2017 17.9 95.13 0.00 94.26 95.99 11.26 8.02 1.36 /B2/ FinancialsSPB Bank '18 100 $ 11.00 04/24/2016 10/24/2018 32.9 98.63 (0.06) 97.25 100.00 11.58 10.84 2.25 /B2/ FinancialsSPB Bank '19 100 $ 10.75 04/22/2016 04/22/2019 38.8 95.81 0.50 94.25 97.38 12.34 10.90 2.57 B+// FinancialsTatfondB '17 70 $ 11.00 04/28/2016 04/28/2017 15.0 98.50 (0.31) 97.50 99.50 12.29 10.87 1.11 /B3/B FinancialsTCB '17 100 $ 7.74 03/18/2016 03/18/2016 07/18/2017 1.7 17.7 57.31 0.06 55.13 59.50 1131.74 52.81 12.89 0.02 /B2/ FinancialsTCS B '18 200 $ 14.00 06/06/2016 06/06/2018 28.3 103.93 (0.04) 103.21 104.64 12.02 13.22 1.94 B/B3/ FinancialsTMK '18 500 $ 7.75 01/27/2016 01/27/2018 24.0 97.36 0.02 96.92 97.79 9.23 7.66 1.74 /B1/B+ Metals & MiningTMK '20 500 $ 6.75 04/03/2016 04/03/2020 50.2 90.77 (0.05) 90.06 91.49 9.47 7.27 3.44 /B1/B+ Metals & MiningTNK BP '16 1 000 $ 7.50 07/18/2016 07/18/2016 5.7 101.99 0.03 101.77 102.21 3.27 7.34 0.47 /Ba1/BB+ Oil & GasTNK BP '17 800 $ 6.625 03/20/2016 03/20/2017 13.7 102.42 (0.04) 102.04 102.80 4.44 6.33 1.08 /Ba1/BB+ Oil & GasTNK BP '18 1 100 $ 7.875 03/13/2016 03/13/2018 25.5 105.63 0.06 105.23 106.02 5.05 7.26 1.91 /Ba1/BB+ Oil & GasTNK BP '20 500 $ 7.25 02/02/2016 02/02/2020 48.2 103.69 0.05 103.30 104.09 6.20 6.76 3.35 /Ba1/BB+ Oil & GasTransneft '18 1 050 $ 8.70 02/07/2016 08/07/2018 30.3 109.69 0.08 109.30 110.08 4.60 7.65 2.20 /Ba1/BB+ Oil & GasUBRD '18 68 $ 12.00 06/27/2016 12/27/2018 35.0 FinancialsUralkaly '18 650 $ 3.723 04/30/2016 04/30/2018 27.1 95.63 0.40 95.09 96.16 5.81 3.86 2.11 BB-/Ba2/BB- ChemicalsUranium '18 300 $ 6.25 06/13/2016 12/13/2016 12/13/2018 10.6 34.6 92.10 0.00 91.30 92.90 19.86 9.44 6.73 0.79 BB-/Ba3/B+ Metals & MiningVEB '16 CHF 500 ₣ 3.75 02/17/2016 02/17/2016 0.7 99.91 0.01 99.77 100.06 5.19 3.63 0.06 BBB-/Ba1/BB+ FinancialsVEB '17 02 750 $ 5.375 02/13/2016 02/13/2017 12.6 100.10 0.10 99.84 100.36 5.27 5.24 0.98 BBB-/Ba1/BB+ FinancialsVEB '17 11 600 $ 5.45 05/22/2016 11/22/2017 21.9 99.95 0.19 99.68 100.22 5.47 5.40 1.70 BBB-/Ba1/BB+ FinancialsVEB '18 EUR 1 000 € 3.035 02/21/2016 02/21/2018 24.9 95.60 0.27 95.23 95.97 5.31 3.13 1.94 BBB-/Ba1/BB+ FinancialsVEB '18 USD 850 $ 4.224 05/21/2016 11/21/2018 33.8 95.88 0.47 95.53 96.22 5.83 4.37 2.59 BBB-/Ba1/BB+ FinancialsVEB '20 1 600 $ 6.902 07/09/2016 07/09/2020 53.4 98.34 0.25 97.93 98.76 7.34 7.00 3.75 BBB-/Ba1/BB+ FinancialsVEB '22 1 000 $ 6.025 07/05/2016 07/05/2022 77.3 92.46 0.15 91.97 92.94 7.52 6.49 5.17 BBB-/Ba1/BB+ FinancialsVEB '23 EUR 500 € 4.032 02/21/2016 02/21/2023 84.9 88.55 0.14 88.01 89.10 6.04 4.47 5.86 BBB-/Ba1/BB+ FinancialsVEB '23 USD 1 150 $ 5.942 05/21/2016 11/21/2023 93.9 90.54 0.33 90.08 91.00 7.56 6.49 5.98 BBB-/Ba1/BB+ FinancialsVEB '25 USD 1 000 $ 6.80 05/22/2016 11/22/2025 117.9 93.25 0.31 92.79 93.70 7.79 7.20 6.86 BBB-/Ba1/BB+ FinancialsVEB Leasing '16 400 $ 5.125 05/27/2016 05/27/2016 4.0 99.99 (0.01) 99.78 100.20 5.13 5.08 0.33 BBB-//BB+ FinancialsVimpelcom '16 02 500 $ 6.493 02/02/2016 02/02/2016 0.2 100.17 0.02 99.98 100.37 6.28 /Ba3/BB TelecomsVimpelcom '16 05 600 $ 8.25 05/23/2016 05/23/2016 3.8 101.76 0.05 101.55 101.96 2.77 7.99 0.32 /Ba3/BB TelecomsVimpelcom '17 500 $ 6.255 03/01/2016 03/01/2017 13.1 102.00 (0.01) 101.62 102.37 4.36 5.98 1.03 /Ba3/BB TelecomsVimpelcom '18 RUB 12 000 R 9.00 02/13/2016 02/13/2018 24.6 94.75 0.13 94.51 94.99 11.96 9.11 1.73 /Ba3/BB TelecomsVimpelcom '18 USD 1 000 $ 9.125 04/30/2016 04/30/2018 27.1 107.70 0.14 107.23 108.17 5.45 8.30 2.01 /Ba3/BB TelecomsVimpelcom '19 600 $ 5.20 02/13/2016 02/13/2019 36.6 97.93 0.36 97.54 98.33 5.95 5.19 2.71 /Ba3/BB TelecomsVimpelcom '21 1 000 $ 7.748 02/02/2016 02/02/2021 60.3 101.85 0.86 101.43 102.28 7.30 7.34 3.96 /Ba3/BB TelecomsVimpelcom '22 1 500 $ 7.504 03/01/2016 03/01/2022 73.1 99.82 0.99 99.33 100.31 7.54 7.30 4.68 /Ba3/BB TelecomsVimpelcom '23 1 000 $ 5.95 02/13/2016 02/13/2023 84.6 92.02 1.34 91.54 92.50 7.42 6.28 5.43 /Ba3/BB TelecomsVneshprBank'16 200 $ 9.00 05/14/2016 11/14/2016 9.6 2.84 (5.00) 0.67 5.00 1504.28 194.17 0.08 /Caa3/CC FinancialsVostExpr '17 43 $ 8.45 06/27/2016 06/27/2017 17.0 91.38 0.13 91.13 91.63 15.43 9.18 1.26 FinancialsVostExpr '19 125 $ 12.00 05/29/2016 05/29/2019 40.0 99.00 0.00 98.00 100.00 12.36 11.89 2.63 FinancialsVTB '16 CHF 600 ₣ 3.15 12/16/2016 12/16/2016 10.7 100.26 0.16 99.68 100.84 2.84 3.13 0.86 /Ba1/BB+ FinancialsVTB '16 EUR 500 € 4.25 02/15/2016 02/15/2016 0.6 100.08 (0.01) 99.85 100.31 2.68 4.08 0.05 /Ba1/BB+ FinancialsVTB '17 AUD 500 A$ 7.50 12/11/2016 12/11/2017 22.5 101.90 (0.04) 101.17 102.63 6.38 7.29 1.70 /Ba1/BB+ FinancialsVTB '17 USD 2 000 $ 6.00 04/12/2016 04/12/2017 14.5 101.61 0.06 101.32 101.90 4.61 5.81 1.14 /Ba1/BB+ FinancialsVTB '18 02 750 $ 6.315 02/22/2016 02/22/2018 24.9 102.63 0.55 102.22 103.04 4.96 6.00 1.88 /Ba1/BB+ FinancialsVTB '18 05 2 000 $ 6.875 05/28/2016 05/29/2018 28.0 103.77 0.56 103.26 104.27 5.14 6.56 2.13 /Ba1/BB+ FinancialsVTB '18 CHF 300 ₣ 2.90 05/25/2016 05/25/2018 27.9 99.61 0.61 99.14 100.08 3.07 2.86 2.18 /Ba1/BB+ FinancialsVTB '20 1 000 $ 6.551 04/13/2016 10/13/2020 56.6 101.15 0.80 100.65 101.64 6.26 6.36 3.94 /Ba1/BB+ FinancialsVTB '22 1 500 $ 6.95 04/17/2016 10/17/2022 80.7 94.67 2.63 94.09 95.25 7.99 7.20 5.13 /Ba3/BB- FinancialsVTB '24 350 ₣ 5.00 10/24/2016 10/24/2019 10/24/2024 44.9 105.0 90.91 0.82 90.29 91.54 7.88 6.38 5.42 3.20 FinancialsVTB '35 1 000 $ 6.25 06/30/2016 06/30/2035 233.2 99.89 (0.03) 98.93 100.85 6.26 6.23 11.11 /Ba1/BB+ FinancialsVTB 'perp 2 250 $ 9.50 06/06/2016 12/06/2022 82.4 91.55 2.21 90.92 92.17 11.30 10.23 4.77 FinancialsYandex'18 690 $ 1.125 06/15/2016 12/15/2018 34.6 86.63 0.52 85.76 87.49 6.26 1.30 2.75 Media

P5

Ratings F/M/S


IssueAmount

outst., mln


PriceCoupon rate, %

Dates


pcsChange

Eurobonds

Fixe

d In

com

e D

aily

01

/27

/20

16

Corporate Ruble Bonds (Ex. Financials)

GSS CP-4

SistemaAFK CP-01

GTLK CP-4Okey CP-05

RosTelecom CP-01

Magnit CP-10

SistemaAFK 1P-01

VimpelCom CP-03

Magnit CP-11

Megafon CP-05 PowMach CP-01

NLMK CP-08

GTLK CP-5

GTLK CP-6

Acron CP-02OGK2 CP-PO1

Roseximbank-1

RBC-Finance CP-1

GTLK CP-7

GTLK-02

RusHydro-07

RusHydro-08

Megafon 06

Helicopters-01Helicopters-02

VerCemFact-01

Rosneft-09

NLMK CP-13

RZD-30

Helicopters CP-02

KuzbassEnergo-2

VimpelCom-4

Uranium-1

Bashneft-4

LenEnergo-4

Megafon 05

GazprNeft-12

RUSAL Bratsk-7

RUSAL Bratsk-8

RZD-12

GazprNeft-04

RZD-16RZD-17

RZD CP-03RusHydro-01

Magnit CP-001P-01

MRSK Urala CP-01

GTLK-02

Mikoyan CP-01

GazpromC-4GazpromC-5

GazpromC-6

Aeroflot CP-3

LenEnergo CP-1

Arsenal plant-04

Mordovcement-01

GTLK CP-1

GTLK CP-2

Pharmacy 36.6 CP-02

SistemaAFK-4

LSR CP-4

RZD-15SistemaAFK-3

LenSpetsSMU-2

GTLK-01

MTS-7

NorNikel CP-1NorNikel CP-2

NorNikel CP-4

GazprNeft-08

X5 CP-2

X5 CP-3

9

11

13

15

17

19

21

23

25

0.0 0.5 1.0 1.5 2.0 2.5


Yie

ld t

o p

ut/

mat

uri

ty, %

Put

Maturity

OFZ Curve

Fixe

d In

com

e D

aily

01

/27

/20

16

Corporate Ruble Bonds (Financials)

VEB Leasing CP-04

Binbank CP-8

CredEurBank CP-9 Peresvet CP-4

MetalloinvBank CP-02

Binbank CP-14

IngBank CP-05

Inteza CP-03

Binbank CP-10

Binbank CP-12

NationalStand CP-1

Peresvet CP-3

CredEurBank CP-10

AlfaBank CP-05

RSHB CP-09

Roseximbank-1

Otkrytie-6

AkBars CP-3

VTB CP-43

Zenit-11

MCB CP-6MCB CP-7 RSHB-23

Binbank CP-4Zenit CP-11

Zenit CP-13

VTB CP-26

Peresvet CP-2

AlfaBank CP-14

Peresvet CP-1

RosBank-A7

VolkswB 08

RMBNB CP-1

Otkrytie-2

RSHB-16

Zenit-8

RSHB-17

RSHB CP-07VEB-09

RSHB-15

VEB Leasing-04

VEB Leasing-05

RSHB-11

RSHB-03

RSHB-04

RSHB-07

PKB-08

Binbank CP-2

TatfondB CP-8

Binbank CP-3

VEB CP-1 AlfaBank CP-09

AlfaBank CP-04

CredEurBank CP-5

Peresvet-3

AlfaBank CP-11Unicredit CP-7

Unicredit CP-6VTB CP-22

AlfaBank CP-08

Unicredit CP-8

RusStand CP-3

RusStand CP-4

RosBank CP-7

SDM-Bank-01

Carcade CP-1

TCS Bank CP-12

AlfUkrf-01

GPB-6

AkBars CP-2

HCFB CP-2

VTB-6

VEB Leasing-06

9

11

13

15

17

19

21

23

0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4Modified duration, years

Yie

ld t

o p

ut/

mat

uri

ty, %

Put

Maturity

OFZ Curve

Fixe

d In

com

e D

aily

01

/27

/20

16

Regional Ruble Bonds

Komi-12

BelgorObl-9

NizhgorReg-10

KrasnJarReg-10 Novosibirsk-07

MordRes-2

KrasnodReg-5

Chuvashiya-10

Karelia-16

NizhgorReg-9

MordRes-1

Khakassia-3

Sakha-3

KaluzhReg-5

TulReg-3

YaroslReg-13

KrasnJarReg-9

Khanty-9

Karelia-17

Bashkortostan-9

Khakassia-4

NizhgorReg-7

KostrReg-4

VologReg-1Sakha-10

Volgograd-6

NizhgorReg-8

KrasnJarReg-6

KrasnodReg-4

Tomsk-4

VologReg-2

VoronezhReg-5

TomskReg-8

9.0

10.0

11.0

12.0

13.0

14.0

15.0

0.0 0.5 1.0 1.5 2.0 2.5 3.0Modified duration, years

Yie

ld t

o p

ut/

mat

uri

ty, %

Maturity

OFZ Curve

Moscow Curve

Fixe

d In

com

e D

aily

01

/27

/20

16

Eurobonds (Ex. Financials)Uranium '18

Lukoil '17

Borets '18

NorNikel '20

DME '18

GazpromNeft '23

Uranium '18

Yandex'18

Evraz '18 6.75%

Koks '16

Vimpelcom '17

Vimpelcom '22

Gazp '16 05

Gazp '21 USD

Evraz '19

Koks '18

NorNikel '22

Gazp '20 3.85%

Vimpelcom '19

Vimpelcom '23

PhosAgro '18NLMK '18

Severstal '18

TMK '20

MetalloInv '20

EDC '20

Evraz '20

Lukoil '18

Lukoil '23Polyus Gold '20

Uralkaly '18

NorNikel '18

Nordgold '18MTS '23

RZD '22

Evraz '17

Raspadskaya '17 AFK Sistema '19

Gazp '22 07

GazpromNeft '22

NLMK '19

Severstal '22

Rosneft '17

Rosneft '22 Novatek '22

Eurochem '17

Sibur '18

TNK BP '20

RZD '17

MTS '20

Severstal '17

SovComFlot '17

Alrosa '20

Lukoil '20

Novatek '21

TMK '18

Vimpelcom '21

Novatek '16

Evraz '18 9.5%

Vimpelcom '18 USDGazp '19 USD

Gazp '18 USD

Transneft '18

Lukoil '19

TNK BP '16Gazp '16 11

Gazp '22 03

TNK BP '17

TNK BP '18

Lukoil '22

MetalloInv '16

Severstal '16Vimpelcom '16 05

0

2

4

6

8

10

12

14

16

18

20

0 1 2 3 4 5 6Modified duration, years

Yie

ld t

o o

pti

on

/m

atu

rity

, %

Option

Maturity

Russia Curve

s – subordinated

Fixe

d In

com

e D

aily

01

/27

/20

16

Eurobonds (Financials)

AlfaBank '25 s

GPB '23 s

HCFB '21 s

Sber '24 s

RSHB '21 s

VTB 'perp s

HCFB '20 s

Gazprombank perp s

AlfaBank '25 s

AkBars '18

AlfaBank '18 5%

OtkritieFC '18

MCB '18 11 s

Sber '23 s

RenCap '16

KHMB '23

RSHB '18 07

EurDevBank '20

RSHB '23 s

HCFB '21 s

SPB Bank '19 s

RenCap '19 s

VEB '18 USD

VEB '23 USD

VostExpr '19 s

GPB '19 09

PromSvyazB '21 3 sTatfondB '17

Sber '19 4.15%

M2M '19

PromSvyazB '21 7 s

Bank Otkrytie '19 s

Renaissance '16

AlfaBank '21

VEB Leasing '16

Sber '21

Sber '17 02

Sber '22 02VEB '17 02

VTB '17 USD

PromSvyazB '17

OtkritieFC '19 s

GPB '19 05 s

GPB '17

RSHB '17 12

Sber '19 5.18%

VEB '22

RusStandB '17

EurDevBank '22

AlfaBank '19 s

VTB '22 s

SPB Bank '18 s

Sber '22 10 s

PromSvyazB '19 s

AkBars '22 sCreditEurB '19 s

TCS B '18 s

RenCap '18 s

MCB '18 02

PromSvyazB '16 s

VEB '20

AlfaBank '17 09

Sber '17 03

VTB '20VEB '17 11

VEB '25 USD

VTB '18 02VTB '18 05

RSHB '18 05

GPB '16 05

AlfaBank '17 02 s

SPB Bank '17 s

RSHB '17 05

BoM '17 s

VostExpr '17 s

MBRD '16 s

0

5

10

15

20

25

0 1 2 3 4 5 6 7


Yie

ld t

o o

pti

on

/m

atu

rity

, %

Option

Maturity

Russia Curve

URALSIB Securities Ltd URALSIB Capital – Financial Services LLC Level 33 Tower 42, 25 Old Broad St, London EC2N 1HQ, UK 8 Efremova Street, Moscow, Russia 119048 Telephone: +44 (0) 20 7562 8000 Telephone: + 7 (495) 788 0888 Fax +44 (0) 20 7562 8099 Fax: + 7 (495) 705 7010

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Disclaimer

The views expressed in this report accurately reflect the personal views of the undersigned lead analyst(s) about the subject. The lead analyst(s) has not and will not receive any compensation for providing a specific recommendation or view in this report. Opinions, estimates and projections in this report constitute the present judgment of the undersigned lead analyst(s) as at the date of the report. They do not necessarily reflect the opinions of URALSIB and are subject to change without notice. Name of lead analysts: Dmitry Dudkin, CFA, Nadezhda Bozhenko, Olga Sterina, Irina Lebedeva, CFA.

This report is provided for informational purposes only. Under no circumstances is it to be used or considered as an offer or a solicitation of an offer to buy or sell securities.

Information and opinions contained in this report have been compiled by URALSIB from sources believed to be reliable and while all reasonable care has been taken in the preparation of this report, URALSIB makes no representation or warranty, express or implied, to its accuracy or completeness. Neither URALSIB nor its principals, employees, agents or affiliates accept any liability for any direct or consequential loss arising from any use of this report or its contents. Investors should make their own investment decisions using their own independent advisors, as they believe necessary and based upon their specific financial situations and investment objectives when investing. The information is the exclusive property of “URALSIB Capital – Financial Services LLC” and may not be reproduced or distributed without prior written permission.

URALSIB, their principals, employees, agents or affiliates may have positions or effect transactions in the securities referred to in this report and may engage in securities transactions with respect to securities covered by this report. They may also sell to or buy from customers on a principal basis and may serve as a director of issuers of such securities. Disclosures of conflicts of interest, if any, are listed below.

Investing in Russia and Russian securities may not be suitable for all investors and involves a high degree of risk. Investors should perform their own due diligence before investing, having due regard to their investment objectives and financial situation. Exchange rate fluctuations may affect the value of, and/or income from, securities denominated in currencies other than an investor’s currency. Past performance is not an indication of future results necessarily. Prices of securities, income from an investment, liquidity and availability of securities are subject to change without notice. URALSIB has no obligation to modify, amend or update this report, nor to otherwise notify a reader of this report should any opinion, projection, forecast, estimate or other matter change or subsequently becomes inaccurate or if research coverage of the company by URALSIB ceases.

This report is not intended for the use of Private Customers as that term is defined under the Financial Services and Markets Act 2000. This report has been approved for publication in the United Kingdom by URALSIB Securities Limited, authorized and regulated by the Financial Conduct Authority and a member firm of the London Stock Exchange.

Additional information available upon request.

© URALSIB Capital – Financial Services 2016

Fixed Income Department

Head of Sales and Trading Department Sergey Shemardov, [email protected]

Sales Darya Lezhnina, [email protected]

Debt Capital Markets

Corporate Bonds Natalia Grischenkova, [email protected] Natalya Martynova, [email protected]

Project Management Guzel Timoshkina, [email protected]

Galina Gudyma, [email protected]

Research

+7 (495) 788-0888

Head of Research

Konstantin Chernyshev, [email protected]

Head of Fixed Income Research

Dmitry Dudkin, [email protected] Research Sectors & Staff

Fixed Income


Nadezhda Bozhenko, [email protected]

Olga Sterina, [email protected]

Irina Lebedeva, CFA, [email protected]

Economy

Alexei Devyatov, PhD, [email protected]

Olga Sterina, [email protected]

Market Analysis Dmitry Push, [email protected]

Denis Dorofeev, [email protected]

Banking

Nataliya Berezina, CFA, [email protected]

Oil & Gas

Alexei Kokin, [email protected]

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